this post was submitted on 07 Nov 2024
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[–] clark@midwest.social 3 points 16 hours ago (7 children)

Do his tariffs affect exports to the EU as well? Idk economics and I wanna buy a Framework laprop next year

[–] Kolanaki@yiffit.net 21 points 16 hours ago (6 children)

If country A sells most of an export to country B and country B makes it harder for country A to sell to country B, country A may raise prices for countries C, D and E to make up for the losses caused by country B.

[–] d00ery@lemmy.world 1 points 14 hours ago* (last edited 14 hours ago) (1 children)

Could country A try to decrease exports to country B and increase exports to country C, D, and E, perhaps by lowering the cost in C, D, and E?

I don't have any evidence for, and this document is just too long for me to read at this late hour. [IMF - Macroeconomic Consequences of Tariffs](Macroeconomic Consequences of Tariffs. https://www.imf.org/-/media/Files/Publications/WP/2019/wp1909.ashx)

[–] Buddahriffic@lemmy.world 3 points 9 hours ago

Yeah, I'd think they're going to produce what they are going to produce and will adjust allocation and prices to accommodate the demand change in the tariff country.

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