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Quantitative model + data arguing that, if the US can impose 15% tariffs without the EU retaliating, "overall" US welfare increases
tl;dr: 15% unilateral US tariffs on the EU are overall net good for US welfare
29.7. klo 01.13
A 15% tariff "without" EU retaliation would likely increase "overall" US welfare per our projections:
But this doesn't mean US consumers benefit. It's a massive redistribution of income from US consumers (and the EU) to US corporations and the Treasury.
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