TwilightTrekker@sh.itjust.works to News@lemmy.world · 2 months agoCanada and China Strike Back—Here’s How They’re Retaliating Against Trump’s Tariffswealthari.comexternal-linkmessage-square15linkfedilinkarrow-up1354arrow-down19
arrow-up1345arrow-down1external-linkCanada and China Strike Back—Here’s How They’re Retaliating Against Trump’s Tariffswealthari.comTwilightTrekker@sh.itjust.works to News@lemmy.world · 2 months agomessage-square15linkfedilink
minus-squaremanxu@piefed.sociallinkfedilinkEnglisharrow-up12·2 months 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.