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A comment on Is It Time to Rethink Globalized Supply Chains?. Parent comment
Easier to image with a 1,000,000% tariff: nobody would actually pay the tariff, so there's no dividend to distribute. Yet, you get an economic impact.
You still get deadweight losses from lower tariff levels.
Easier to image with a 1,000,000% tariff: nobody would actually pay the tariff, so there's no dividend to distribute. Yet, you get an economic impact.