tariffs as a tool for industrial growth
Read more ↗Why tariffs are recessionary (the transmission channels) More expensive → intransigent inflation → tighter money Tariffs are import taxes, so they generally raise input and consumption prices. If inflation re-accelerates, central banks might keep rates up for…
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The promise: why tariffs are tempting for developing countries Tariffs are an obvious lever for governments trying to jump-start manufacturing or protect strategic sectors: They raise the price of competing imports, giving local firms breathing room to grow,…
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