alt Hacker NewsThis is interesting. I don't know the details of Trump's tariff policy, but if this is correct, it would follow that the policy should have some mechanism to reduce the tariffs as the trade imbalance is reduced.
This is interesting. I don't know the details of Trump's tariff policy, but if this is correct, it would follow that the policy should have some mechanism to reduce the tariffs as the trade imbalance is reduced.
Not sure why? It’s an irrational policy not based on any kind of sense. I don’t think I’d expect it to be logically consistent. Besides, what do you do with a country where US is a net exporter? Provide subsidies for imports?
It’s all drunk monkeys driving a train… there is no economic theory to expect consistency from.