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Economist Michael Pettis says tariffs expand production only if they work like a currency devaluation. That means shifting real income from households and other

BWB News TV • 2026-08-14 06:31 UTC • By Billy Odell Tucker-Robinson
Economist Michael Pettis says tariffs expand production only if they work like a currency devaluation. That means shifting real income from households and other
Economist Michael Pettis says tariffs expand production only if they work like a currency devaluation. That means shifting real income from households and other net importers to manufacturers and net exporters.
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