
Last week, my ECONS101 class covered game theory. At the end of the final lecture, after we had been covering repeated games and tit-for-tat strategies, a really perceptive student asked me about Trump’s tariffs. A lot of the rhetoric about tariffs has been posed in terms of tit-for-tat (see here and here, for example). The…
Why tit-for-tat tariffs may not work against Trump
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