Excellent piece form the excellent @douglasirwin.bsky.social .

(Also, along the way, makes the important point that VATs are not discriminatory taxes.)

“Reciprocal” Tariffs Make No Sense
https://wsj.com/opinion/reciprocal-tariffs-make-no-sense-duties-trade-economy-policy-china-d682c356?st=TLWDbc

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