The Export Asymmetry

"I sit on a man's back, choking him and making him carry me, and yet assure myself and others that I am very sorry for him and wish to ease his lot by all possible means - except by getting off his back." – Leo Tolstoy

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As Econ 101 students are taught, tariffs are taxes imposed on the buyers of imported goods. Observers of the Trump administration's current raft of trade negotiations with countries around the world might therefore be forgiven for f...

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