Optimal trade policy leverages comparative advantage while mitigating terms-of-trade shocks. Progressive tariffs and supply-chain resilience counteract dumping, bolstering GDP multipliers. #TradeTheory #FiscalEquity
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Optimal trade policy leverages comparative advantage while mitigating terms-of-trade shocks. Progressive tariffs and supply-chain resilience counteract dumping, bolstering GDP multipliers. #TradeTheory #FiscalEquity