Excellent summary by @lashkaripour.bsky.social on what are tariffs, who pays for them, and why they are not the best option to generate govt. revenue.
@lashkaripour.bsky.socialThere's been a lot of debate about what economic theory says regarding tariffs.
Drawing on my research with quantitative economic models, here's a thread explaining the textbook logic for why "tariffs are bad" for revenue generation.
🧵 Let’s dive in!