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Two problems with the figure:

  1. I’m not sure tariffs are uniform across goods.
  2. I am sure that tax incidence is not uniform across all goods.

A map of export values can suggest where tariff impacts will be higher but strictly speaking it doesn’t show that.

46 sats \ 5 replies \ @justin_shocknet 11 Sep -121 sats
  1. The cost ultimately comes out of the value of the weaker currency