TwilightTrekker@sh.itjust.works to News@lemmy.world · 6 days agoCanada and China Strike Back—Here’s How They’re Retaliating Against Trump’s Tariffswealthari.comexternal-linkmessage-square15fedilinkarrow-up1357arrow-down16
arrow-up1351arrow-down1external-linkCanada and China Strike Back—Here’s How They’re Retaliating Against Trump’s Tariffswealthari.comTwilightTrekker@sh.itjust.works to News@lemmy.world · 6 days agomessage-square15fedilink
minus-squaremanxu@piefed.sociallinkfedilinkEnglisharrow-up12·6 days agoSort of. A unilateral tariff generates a trade imbalance in favor of the economy imposing the tariff. By applying commensurate tariffs in the other direction, you keep the trade balance you had before the tariff was imposed.
Sort of. A unilateral tariff generates a trade imbalance in favor of the economy imposing the tariff. By applying commensurate tariffs in the other direction, you keep the trade balance you had before the tariff was imposed.