In Part 2 we demonstrated that the Donald will get no cigar if he attempts to impose “reciprocal tariffs” at the country-wide level. That’s because after six decades of global trade liberalization, tariffs have been systematically reduced to very low levels or outright eliminated—even as MFN (most favored nation) coverage and free trade areas have […]
The Coming Gong Show Of Reciprocal Trade, Part 3
