Small countries can raise substantial revenue as a share of GDP from tariffs without implementing prohibitively high tariff rates because trade represents a much larger share of their GDP.

Authors

• Person: Not available Organization: Brookings
  Tariffs are a particularly bad way to raise revenue | Brookings

Sources

• Tariffs are a particularly bad way to raise revenue | Brookings www.brookings.edu Brookings via serper

Referenced by nodes (3)

• tariff concept
• GDP concept
• revenue concept