they outweighed by inflationary effects
Read more ↗That's interesting, because digital commodities don't quite fit the old concept of tariffs, which were created for physical commodities moving across borders—steel, autos, fabrics. But now so much trade is occurring online: streaming, cloud storage, video game…
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On the upside, tariff income puts money in local governments' pockets. Tariff income can amount to billions of dollars for countries heavily involved in trade, and that money can be allocated to infrastructure, subsidies, or some form of…
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