"Trump hits Myanmar with a 44% tariff days after earthquake that killed over 3,000. Myanmar is among the tranche of developing countries hardest hit by Trump’s severe and sweeping tariffs, with a 44% rate levied against it. The nation is reeling from an earthquake on Friday that killed more than 3,000, and years of civil war following a 2021 military coup."
~ Clea Skopeliti
#Trump #tariffs #Myanmar
These events are related only in the minds of the ignorant about #economics , what's happening in #Myanmar, and how #tariffs work.
#Myanmar and any other affected territories' exports shall become more affordable to local consumers, because the latter won't be bidding anymore against the #American consumers to buy the former.
Also, critics can't have it both ways - claim that tariffs shall be ineffective, because only #Americans shall pay them (true), and at the same time claim that the same tariffs shall devastate economies of target territories.😄
Try Henry Hazlitt, "Economics in One Lesson", for details.💡
