One Benefit of Tariffs, by Pierre Lemieux

Published: 19/10/2018
One Benefit of Tariffs, by Pierre Lemieux
Source: WWW.ECONLIB.ORG

Perhaps one benefit of President Trump’s tariffs and trade war will be to illustrate standard results of trade theory. One general result is that a domestic tariff against imports also increases the domestic price charged by domestic producers of the protected good. There is only one price in the market for a given good (quality being constant). Domestic producers will get the same higher pr

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