But My Eggs Logo

But My Eggs!

Real-time glance at household prices and inflation

What is this?

Track how everyday prices like eggs, milk, and gas have changed over time. Compare current prices with historical dates and see the impact of economic policies on your wallet.

Key Features:

  • Compare prices across important dates.
  • Track economic indicators.
  • Understand policy impacts.

Data sourced from the Bureau of Labor Statistics, Federal Reserve, and U.S. Energy Information Administration.

This is a personal project maintained by a single developer (actually, I'm a photographer).

While data is automatically cached daily from official government agencies, there may be occasional errors or inaccuracies.

You can support this project by:

  • Reporting bugs or issues via email
  • Using the Support button on the navigation toolbar

Back to Economic Education Hub

International Relations: How Tariffs Shape Global Diplomacy

Tariffs aren't just economic tools—they're also diplomatic instruments that can strengthen or strain relationships between nations. When countries impose tariffs, they send political signals that can trigger retaliation, foster negotiations, or alter the balance of global power. This module explores how trade policies affect international relations and the world order.

When a country imposes significant tariffs, the effects ripple across diplomatic channels. Trading partners don't see tariffs as merely technical adjustments—they interpret them as deliberate policy choices with political dimensions.

Tariff Announcement

A country announces new tariffs, often framing them as necessary to protect domestic industries, address "unfair" trade practices, or achieve strategic objectives.

Diplomatic Response

Affected countries issue official protests, summon ambassadors, or make public statements criticizing the tariffs as harmful, unwarranted, or contrary to trade agreements.

Counter-Measures

Trading partners typically respond with retaliatory tariffs targeting politically sensitive exports from the initiating country to create domestic pressure for tariff removal.

Negotiation or Escalation

Countries either enter negotiations to resolve the dispute or further escalate with additional tariffs, potentially spreading tension to non-trade issues like security cooperation.

Case Study: U.S.-China Trade Relations

The 2018-2019 trade tensions between the U.S. and China illustrate how tariffs can transform diplomatic relationships. What began as targeted U.S. tariffs on solar panels and washing machines escalated to hundreds of billions in tariffs from both sides. The dispute:

  • Reduced high-level diplomatic engagement between the world's two largest economies
  • Complicated cooperation on issues like North Korea and climate change
  • Shifted Chinese investment patterns away from the United States
  • Created domestic political pressure in both countries to appear "tough" on the other

Even after the "Phase One" agreement in early 2020 temporarily paused escalation, the tariff dispute left a lasting diplomatic chill that affected cooperation on multiple fronts.