📢 My new piece: Who really pays for US forced-labour tariffs?Key findings:
🇺🇸 The US gains modestly (+0.26% welfare)
🌍 Smaller economies bear larger costs
🤝 Individual retaliation fails to offset US gains, but collective retaliation turns them into a 0.43% loss
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The United States’ forced-labour tariffs: Who really pays for them? | CITP