Peterson Institute for International Economics @piie.com · Feb 20

The "reciprocal" tariff rates penalize countries that use more intermediate inputs from other countries in their exported products. More here: www.piie.com/research/pii...

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Peterson Institute for International Economics · Feb 20

Subscribe to PIIE Insider to get our fellows' immediate reactions to your inbox: piie.com/subscribe And register for @douglasirwin.bsky.social 's PIIE Insider LIVE episode on February 24, discussing all of this: www.piie.com/events/2026/...