If the feds raise the tariff on imports, then the cost of producing many exports will rise. So, for example, if the feds impose a tariff on steel imports, the cost of producing cars will rise.
Via Timothy Taylor, at the Conversable Economist
If the feds raise the tariff on imports, then the cost of producing many exports will rise. So, for example, if the feds impose a tariff on steel imports, the cost of producing cars will rise.
Via Timothy Taylor, at the Conversable Economist