Under the World Trade Organization’s Most Favored Nation (MFN) principle, any tariff cut extended to one country must be offered to all MFN trading partners. That means countries reducing tariffs on U.S. goods are also obliged to lower those same tariffs for many other nations, including emerging markets.
“This is the unintended silver lining of the trade deals,” the economists wrote, noting that the spillover effects could significantly benefit third countries. For instance, a country that lowers tariffs on U.S. agricultural imports could end up boosting agricultural exports from other MFN nations even more than from the U.S. itself — a distributional impact not yet fully priced in by markets or models, they said.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about jp morgan lower tariffs on u s exports may benefit other countries more than the u s was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( JP Morgan: Lower tariffs on U.S. exports may benefit other countries more than the U.S. )
Also on site :
- Gold Star Distribution Inc., Issues Recall of Certain FDA-Regulated Products in Three States Including Drugs, Devices, Cosmetics, Human Foods, and Pet Foods
- ’Beverly Hills, 90210’s Jason Priestley Shares Bold Callout After ‘Worst’ Travel Experience
- Tyler Perry Sued for Sexual Assault By New Accuser, an Actor in a ‘Madea’ Movie