Monday, March 17, 2025

Global Trade March 2025 Taiffs UN Report (Economy and Global Trade)

This piece is on global trade and tariffs. Much of the article focuses on the negative aspects of tariffs but that is dependent on the amount and length of such tariffs. Sometimes higher or lower tariffs are used as tools.

Other research indicates that short term tariffs can help domestic companies strengthen but can become less helpful if the companies protected don't adapt and produce globally competitive products within a reasonable time frame. There are some costs to them so one would want to use time well.

There is also an issues of countries using unfair subsidized products and dumping them on domestic market so sometimes tariffs help limit unfair practices and that can help protect US companies while they prepare to export. Prepare is the key term here.

There is no clear answer and some of that is dependent on consumer and global influences. Knowing when, how, how much, and how long to have a tariffs is part science and part art.

UN March 2025 Global Trade

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