“The minimum pain on yourself is you try to avoid imposing tariffs on the intermediate goods… you try to impose the counter tariffs on things that are easily substitutable… target your retaliation so that it hits politically sensitive constituencies.”
Krisha Freeland · The Ezra Klein Show · Why You Can’t Capitulate to Trump
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What was described
structured trade retaliation to minimize self-pain: avoid tariffs on intermediate goods, impose on easily substitutable goods, and aim at politically sensitive constituencies
Said nearby on the same subject
“There was a San Francisco Fed paper… most of the goods inflation we’ve seen has come from tariffs… just stop the tariffs and we’ll go back to goods deflation.”
“Our free trade agreement delivered after eight years… 27 new European markets… trade that will be 98% tariff-free, $450 million who want our Australian goods”
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Said on Australian Parliament: House of Representatives
Business model98% tariff-free, 27 markets, $450 million demand for Australian goods,…Share this moment
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