Yes, Tariffs Reduce Imports, but They Also Reduce Exports

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Yes, Tariffs Reduce Imports, but They Also Reduce Exports

mises.org/podcasts/human-action-podcast/yes-tariffs-reduce-imports-they-also-reduce-exports

Bob explains Lerner’s Symmetry Theorem and shows how tariffs ripple through exchange rates, exports, and trade balances—then tests those predictions against today’s Trump-era tariff shocks.

This story appeared on mises.org, 2025-10-22 12:02:41.