tariffs

  Tariffs are among President Trump’s most controversial initiatives. Yes, tariffs – those deplorable taxes that apply to all, benefit few, and are despised universally by every living economist and approximately 99% of the dead ones. Across the major schools of economic thought, economists (notoriously) agree on little. Tariffs are one of the few exceptions. […]

    For me the most beautiful word in the dictionary is ‘tariff’ and it is my favorite word   Donald J. Trump     Mercantilism Roughly by the beginning of the 15th century, Mercantilism began to replace the medieval ideas of Universalism and dominated economic thinking more or less to the end of the […]

  The European Union’s Carbon Border Adjustment Mechanism tariff (CBAM) aims to integrate climate action with trade regulations, but the approach is not without potential repercussions. On October 1, 2023, the first transitional phase of CBAM came into effect. For now, it will only apply to certain goods: cement, iron and steel, aluminum, fertilizers, electricity and […]