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, tariff levels have been systematically reduced—even as MFN (most favored nation) coverage and free trade areas have flourished. Thus, we calculated the weighted […]
The Coming Gong Show Of Reciprocal Trade, Part 3
