RSJ beautifully explained the impact of tariffs on the economy with great lucidity. Surprisingly, this is the same market economics the US and its famous economists like Milton Friedman recommended for all the countries over the years. The policies of Trump appear very similar to those of Licence Permit Raj practised in India during the 1950s and 60s. Strange are the times indeed!
Very good analysis. How much Real estate assets of US are held by Chinese origin citizens and Chinese origin foreigners? My impression is that they have a disproportionate share of the assets. How does facts support this assumption?
But there may be one reason in favour of Trump's Tariffs. The 'reciprocal nature'.
Why shall a non enemy nation to US (say India) impose any tariff on US imports? And if India does set tariffs on US imports, the US is free to put Tariff on Indian imports on their side. If due to those tariffs India lowers its US-import-tariffs, won't it be a better outcome?
RSJ beautifully explained the impact of tariffs on the economy with great lucidity. Surprisingly, this is the same market economics the US and its famous economists like Milton Friedman recommended for all the countries over the years. The policies of Trump appear very similar to those of Licence Permit Raj practised in India during the 1950s and 60s. Strange are the times indeed!
Very good analysis. How much Real estate assets of US are held by Chinese origin citizens and Chinese origin foreigners? My impression is that they have a disproportionate share of the assets. How does facts support this assumption?
Great analysis on the Trump Tariffs!!
Great primer RSJ. I will read it again and again.
But there may be one reason in favour of Trump's Tariffs. The 'reciprocal nature'.
Why shall a non enemy nation to US (say India) impose any tariff on US imports? And if India does set tariffs on US imports, the US is free to put Tariff on Indian imports on their side. If due to those tariffs India lowers its US-import-tariffs, won't it be a better outcome?
I asked a related question here: https://opentakshashila.net/posts/79560527?utm_source=manual
Thank you for the lucid explainer on tariffs and their impact on GDP.