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Trade wars explained: how do tariffs work?

A
Australian Community Media

36,414 Views • Mar 03, 2025

Description

Economists often describe tariffs as self-defeating in its promise to promote prosperity and increase jobs. Let's take a look at a case study from post-World War II in Germany to see how tariffs play out in the real world. Economists call this time in history 'The Chicken Wars'.

Keywords & Tags

#politics #world #trade wars #tariffs #trade #world trade #tariff #import #export #donald trump #trump #usa #foreign affairs #the chicken wars #economy #economists #jobs

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