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@fixatedpersonsunit

#Economics #Tariffs #Australia #US #EU

*The Economics of Trade Wars*

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"Other nations won't just sit there quivering as the US breaks all its trade agreements and tariffs are levied on their exports. They'll retaliate. Everyone, everywhere, all at once."

Excellent point.

However, #Mercantilism has not really enriched many nations historically, has it? Prime example: historic #France.

Re/ agriculture, e.g., the #EU's #CAP has...