The Economics Show: Would Trump’s tariffs really be that bad?
FT News Briefing
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Tariffs, Inflation, and Market Dynamics
This chapter examines the complex impact of tariffs on U.S. consumers and the market, challenging the notion that foreign exporters will lower prices to maintain access to the U.S. market. It highlights historical evidence showing consumers typically bear the cost of tariffs and discusses the unpredictable role of exchange rates on trade dynamics.
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