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* Protectionism also leads to a decline in consumption; this, together with our other findings, suggests that tariffs are bad for welfare. | * Protectionism also leads to a decline in consumption; this, together with our other findings, suggests that tariffs are bad for welfare. | ||
== Developments == | == Relevant Developments == | ||
=== <big>United States</big> === | === <big>United States</big> === |