alt Hacker NewsRetaliatory tariffs are just dumb. They're literally a tax on your own citizens.
The only reason to implement them is to protect local manufacturing, which is usually a bad thing in the long run (they just become less competitive)
Retaliatory tariffs are just dumb. They're literally a tax on your own citizens.
The only reason to implement them is to protect local manufacturing, which is usually a bad thing in the long run (they just become less competitive)
Not retaliatory, reciprocal. Retaliatory tariffs are dumb. Reciprocal tariffs are the Nash equilibrium. Whether or not these particular tariffs are in fact reciprocal is something we could debate, though. At best they are a very crude approximation of reciprocal tariffs.