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Swiss tariff – The daily blog of behavioral and cognitive economics

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Swiss tariff – The daily blog of behavioral and cognitive economics

How a Tariff Can Kill a Cow

Swiss dairy farmers have been used to a mixed market system. Now though, U.S. tariffs have become the boss. Swiss Tariff Response. With a mixed market system like Switzerland’s, the freedom of the market’s supply and demand is offset by some of government’s central control. On the supply side of the market, Switzerland has 20,000 dairy farmers that own approximately 550,000 cows. With no dominant large producers, the numbers echo the competitive market that Adam Smith described. The farmers’ milk buyers include cheese and chocolate makers. ….[READ]

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