トランプの相互関税についてブランシャールがツイートしている。 With apologies, a long tweet, about the likely macroeconomic outcomes of Liberation Day. Tariffs can be imposed for understandable if not necessarily good reasons: Protect a sector, right or wrong. Extract rents from foreign producers if there are rents to be extracted. Sure, if there is retaliation, everybody will be worse off, but it maybe worth taking the risk. Ac