Tariffs- very few economists argue tariffs are good for an economy. Typically they result in a tit-for-tat battle of countries responding with retaliatory tariffs. Tariffs are the opposite of a free market policy. Free market policy result in goods being produced in the most efficient location. When that doesn’t not happen the free flow of goods slows and PRICES GO HIGHER. One note: the wages shown are simple averages- admittedly, that’s not the best way to look measure wages, because outliers throw off the number (they inflate it). I used average here, because I was struggling to find the appropriate measurement, MEDIAN, for each country. That said, the data is certainly very directional. Let me know your thoughts on tariffs: Whether they’ll actually be used. & Whether they’ll be effective. #tariffs #trump #economics #finance #investing #investor #stocks #stockmarket #cfp #politics #policy