{"id":10413,"date":"2025-10-20T11:46:05","date_gmt":"2025-10-20T09:46:05","guid":{"rendered":"https:\/\/www.rivistaeco.com\/?p=10413"},"modified":"2025-10-20T11:46:05","modified_gmt":"2025-10-20T09:46:05","slug":"explaining-the-tariff-game-to-my-child","status":"publish","type":"post","link":"https:\/\/www.rivistaeco.com\/en\/2025\/10\/20\/explaining-the-tariff-game-to-my-child\/","title":{"rendered":"Explaining the Tariff Game to My Child"},"content":{"rendered":"

How do tariffs work? And what do economists say about the trade war declared by Trump against the rest of the world? The verdict is clear. Tariffs harm everyone \u2014 those who impose them and those who suffer them. America\u2019s major trading partners, such as China and Europe, have the tools to contain the damage, but they must respond decisively and without hesitation. Smaller countries, by contrast, are at the mercy of the U.S. president\u2019s decisions. A full-blown trade war would inflict enormous losses even on American multinationals that produce abroad, reducing investment and growth and triggering long-lasting inflationary effects. There are less painful and fairer ways to reduce the U.S. trade deficit \u2014 especially since it is almost certainly miscalculated, as the profits earned abroad by U.S. multinationals are systematically underestimated.<\/em><\/p>\n

 <\/p>\n

What triggered the trade war between the United States and the rest of the world? And what might its consequences be? These are questions many are asking amid today\u2019s economic turbulence. In an effort to clarify matters, the following pages outline some considerations on free trade and tariffs, about which economists broadly agree.<\/p>\n

Is the Trade Deficit Public Enemy Number One?<\/strong><\/h3>\n

Let\u2019s begin with perhaps the most debated issue: the large U.S. trade deficit \u2014 that is, the excess of imports over exports. According to the American administration, this situation results from unfair policies by other countries, and the most effective response is to tax imports, in other words, to impose tariffs. The goal is twofold: to reduce the deficit and to encourage companies to bring production back to the United States, thus creating new jobs.<\/p>\n

At first glance, it might not sound like a bad idea. But economic science teaches us that it is, in fact, a terrible one \u2014 not only for the rest of the world but also, and perhaps especially, for Americans themselves.<\/p>\n

For many years now, the United States has imported more than it exports \u2014 about 3.2% of GDP in 2024. In other words, the country consumes more than it produces. Americans save \u201ctoo little,\u201d and to pay for their imports, they rely on financing from other countries \u2014 those that produce more than they consume and therefore save \u201ctoo much.\u201d<\/p>\n

The terms \u201ctoo little\u201d and \u201ctoo much\u201d seem to carry negative connotations. But economists do not see either situation \u2014 an excess or a shortage of saving \u2014 as inherently bad. When two countries with different saving rates trade with one another, the one that saves less will inevitably run a trade deficit. The imbalance will persist \u2014 yet both countries can still benefit from trade.<\/p>\n

A Tale of Two Great Families<\/strong><\/h3>\n

To illustrate, imagine two families. The first, large and wealthy, is the Amerighis. They love to spend, save little, and produce a great deal of grain. The second, the Europinis, are less rich but more frugal and specialize in producing wine.<\/p>\n

The Amerighis could produce wine too, but they find it more convenient to let the Europinis do so and focus on grain. By exporting grain and importing wine, they end up with more of both goods.<\/p>\n

How is that possible? Because they exploit the Europinis\u2019 relative advantage in wine production and obtain more of it in exchange for their grain. The same goes for the Europinis, who trade wine for grain and end up with more of both than if they had tried to produce everything themselves.<\/p>\n

In short, everyone gains \u2014 just as David Ricardo predicted in the nineteenth century with what we now call the theory of comparative advantage, or the international division of labor.<\/p>\n

But can a family import more than it exports? Certainly \u2014 that is exactly the case for the Amerighis. They like to consume more than they produce, and they can do so because they rely on the savings of the Europinis, who buy the debt securities issued by the Amerighis.<\/p>\n

This is not a problem: it allows the Amerighis to increase consumption without reducing investment. Without this mechanism, they would have to cut consumption. Instead, by borrowing from the Europinis, they expand their possibilities.<\/p>\n

For the Europinis, the logic is the opposite: they prefer to save more and invest those savings by lending to the Amerighis, often earning higher returns than they would at home. Thus, their opportunities also expand.<\/p>\n

But the best part is yet to come. Thanks to the capital received from the Europinis, the Amerighis can start new businesses, make investments, and even go produce wine directly in the Europinis\u2019 homeland \u2014 where expertise is already strong. In doing so, they earn even more. True, they go into debt, but they also become wealthier. And, when all is said and done, if their debt rises by one hundred, their wealth rises by two hundred.<\/p>\n

U.S. Multinationals\u2019 Overseas Profits<\/strong><\/h3>\n

In the real world, this means that the U.S. trade deficit has allowed Americans to borrow and invest more than they otherwise could. It has enabled them to consume more, buying low-cost goods and enjoying a greater variety of products. Moreover, by tapping into foreign savings, the United States has been able to invest abroad, benefit from lower labor costs, and capture part of the gains \u2014 thereby increasing national wealth.<\/p>\n

However, the true scale of this phenomenon is likely understated in official statistics. According to a Credit Suisse report, in 2015, U.S. companies\u2019 foreign subsidiaries had accumulated $2.5 trillion in profits that had not been repatriated. There are no updated figures, but that number is surely much higher today. Researchers at the International Monetary Fund estimate that roughly two-thirds of these assets are never recorded in America\u2019s balance of payments. Roughly speaking, if the overseas profits of giants such as Amazon, Apple, Meta, Microsoft, and Google were properly accounted for, the U.S. foreign debt \u2014 so feared by the Trump administration \u2014 would shrink dramatically.<\/p>\n

The Remedy Trump Doesn\u2019t Like<\/strong><\/h3>\n

Let\u2019s return to the Amerighi family. Suppose some members have lost their jobs \u2014 they used to make wine but failed to adapt to grain production. From an economist\u2019s perspective, the ideal solution would be simple: ask the wealthier family members to support those in difficulty, without disrupting the virtuous cycle that generates wealth. This would mean taxing the richer Amerighis to help the poorer ones \u2014 but overall, everyone would benefit.<\/p>\n

Here comes the twist. The head of the Amerighi family believes \u2014 for unclear reasons \u2014 that the Europinis have been unfair and should \u201cpay the price.\u201d Perhaps it\u2019s just an excuse: his real motivation might be that he doesn\u2019t want to tax his wealthy Amerighi friends. In any case, he decides to introduce a tax on imported wine \u2014 a tariff.<\/p>\n

The result? Wine becomes more expensive for the Amerighis, who consume less of it. True, the state collects revenue and can redistribute it, but those taxes are paid by the Amerighis themselves, not the Europinis.<\/p>\n

So when do the Europinis \u201cpay the price\u201d? When the tariff reduces wine demand, lowering its net price. That hurts the Europinis \u2014 who earn less \u2014 and benefits the Amerighis. This is known as the terms-of-trade effect<\/em>, the mechanism through which part of the cost is effectively shifted onto the foreign producer.<\/p>\n

But does this strategy really work? Problems soon appear. The first is that wine, with tariffs added, becomes more expensive. This may encourage domestic production of wine by the Amerighis \u2014 but making it at home costs much more. They thus lose the advantage of buying it from the more efficient Europinis.<\/p>\n

Second, the Amerighis end up consuming less overall. Wine is pricier, and they also lose financial support from the Europinis, who had been buying their debt securities. They must now tighten their belts.<\/p>\n

Third, the Europinis are likely to retaliate with tariffs on grain \u2014 an almost inevitable response to limit their losses. But then the Amerighis can no longer enjoy even the limited terms-of-trade<\/em> benefit: while the net price of wine falls (a gain for them), the net price of grain also drops (a loss), as European tariffs reduce demand for American grain.<\/p>\n

Moral of the story: the idea of making the Europinis \u201cpay the bill\u201d doesn\u2019t work. Both sides lose, and the benefits of free trade disappear. Each ends up producing both wine and grain on its own \u2014 a far less efficient outcome.<\/p>\n

Admittedly, the tariff strategy might work only if the Europinis didn\u2019t retaliate or if they were a small trade partner. In that case, the price of grain would remain high, and the Amerighis would gain. But that would be a bully\u2019s move: the head of the Amerighi family could shift the costs only if the other family were too small or weak to respond.<\/p>\n

Why Everyone Loses<\/strong><\/h3>\n

Beyond the fable, U.S. tariffs prevent the European Union from benefiting from trade with America \u2014 but at the same time, they deprive the U.S. of the advantages of trading with Europe. Moreover, the EU could be driven to deepen ties with other countries affected by U.S. tariffs. If European firms lose access to American markets, they will look elsewhere, pushing prices down. The U.S. risks being left out. But it\u2019s a hollow consolation: in such a scenario, everyone loses \u2014 perhaps Americans most of all.<\/p>\n

Europe would suffer greater damage if it appeared weak or divided. The biggest losers, however, would be smaller countries like Vietnam, for which the U.S. market is vital \u2014 as it is for American multinationals that have invested there.<\/p>\n

And what would happen within the United States? Some companies might indeed reshore production, but they would do so in sectors where the country is less efficient. And if those sectors are labor-intensive, many firms would simply opt for automation instead.<\/p>\n

With less foreign saving available, there would be fewer funds to invest, reducing corporate profits and stock valuations. In recent months, equity markets have rebounded precisely because hopes rose that a trade war would be avoided. If it returned, one can bet markets would tumble again.<\/p>\n

Far from ushering in a new golden age \u2014 far from \u201cMaking America Great Again\u201d \u2014 a tariff war would be a game of mutual destruction. Major partners like the EU and China would be forced, however reluctantly, to raise their own tariffs to avoid even greater harm.<\/p>\n

It would be far better for the U.S. administration to provide direct support to unemployed Americans (few though they are) or to those who have had to trade a decent job for a lower-paid one. The government should introduce serious welfare programs financed by equally serious taxes on the incomes of those who profit most from globalization. Bullying the rest of the world does not work.<\/p>\n

Furthermore, a moderate increase in taxes would cool domestic consumption, lowering interest rates and encouraging investment \u2014 partly offsetting the decline in foreign capital inflows.<\/p>\n

Lower U.S. interest rates would also benefit the global economy by stimulating investment abroad and helping reduce excessive savings elsewhere, progressively rebalancing trade flows.<\/p>\n

Finally, lower interest rates would weaken the dollar, making imports more expensive and further improving the U.S. trade balance. Such a scenario would also reduce the risk of a debt crisis, since refinancing America\u2019s accumulated debt would cost less.<\/p>\n

Why Taxes Are Better Than Tariffs<\/strong><\/h3>\n

If tariffs are essentially a tax paid by Americans, how do they differ from general income taxation? The key distinction is that tariffs are selective<\/em>: they raise the prices of imported goods, which are normally cheaper than domestic ones. This pushes consumers to buy costlier local products, reducing overall consumption.<\/p>\n

The immediate effect of tariffs is inflationary \u2014 precisely why Federal Reserve Chair Jerome Powell has been reluctant to cut interest rates: he fears higher inflation.<\/p>\n

By contrast, income taxation reduces demand for all goods, thereby helping to lower prices. It is also a fairer and more progressive measure, as the burden falls mainly on higher-income taxpayers \u2014 those who have benefited most from global trade.<\/p>\n

If Trump had the courage to raise taxes on wealthy Americans, Powell would probably be more willing to loosen monetary policy and cut interest rates.<\/p>\n

 <\/p>\n

Francesco Passarelli is Professor of Economics at the University of Turin and a fellow at the Collegio Carlo Alberto. He has taught at Bocconi University and Dartmouth College in the United States.<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

How do tariffs work? And what do economists say about the trade war declared by Trump against the rest of the world? The verdict is […]<\/p>\n","protected":false},"author":6528,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"coauthors":[35],"class_list":["post-10413","post","type-post","status-publish","format-standard","hentry","category-non-categorizzato"],"acf":[],"yoast_head":"\nExplaining the Tariff Game to My Child - Rivista Eco<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rivistaeco.com\/en\/2025\/10\/20\/explaining-the-tariff-game-to-my-child\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Explaining the Tariff Game to My Child - Rivista Eco\" \/>\n<meta property=\"og:description\" content=\"How do tariffs work? And what do economists say about the trade war declared by Trump against the rest of the world? The verdict is […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rivistaeco.com\/en\/2025\/10\/20\/explaining-the-tariff-game-to-my-child\/\" \/>\n<meta property=\"og:site_name\" content=\"Rivista Eco\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-20T09:46:05+00:00\" \/>\n<meta name=\"author\" content=\"Francesco Passarelli\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Francesco Passarelli\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.rivistaeco.com\\\/en\\\/2025\\\/10\\\/20\\\/explaining-the-tariff-game-to-my-child\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rivistaeco.com\\\/en\\\/2025\\\/10\\\/20\\\/explaining-the-tariff-game-to-my-child\\\/\"},\"author\":{\"name\":\"Francesco Passarelli\",\"@id\":\"https:\\\/\\\/www.rivistaeco.com\\\/#\\\/schema\\\/person\\\/d034a779568d9384f22be7db7ee815c4\"},\"headline\":\"Explaining the Tariff Game to My Child\",\"datePublished\":\"2025-10-20T09:46:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.rivistaeco.com\\\/en\\\/2025\\\/10\\\/20\\\/explaining-the-tariff-game-to-my-child\\\/\"},\"wordCount\":2055,\"articleSection\":[\"Non categorizzato\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rivistaeco.com\\\/en\\\/2025\\\/10\\\/20\\\/explaining-the-tariff-game-to-my-child\\\/\",\"url\":\"https:\\\/\\\/www.rivistaeco.com\\\/en\\\/2025\\\/10\\\/20\\\/explaining-the-tariff-game-to-my-child\\\/\",\"name\":\"Explaining the Tariff Game to My Child - Rivista Eco\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rivistaeco.com\\\/#website\"},\"datePublished\":\"2025-10-20T09:46:05+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.rivistaeco.com\\\/#\\\/schema\\\/person\\\/d034a779568d9384f22be7db7ee815c4\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.rivistaeco.com\\\/en\\\/2025\\\/10\\\/20\\\/explaining-the-tariff-game-to-my-child\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.rivistaeco.com\\\/en\\\/2025\\\/10\\\/20\\\/explaining-the-tariff-game-to-my-child\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.rivistaeco.com\\\/en\\\/2025\\\/10\\\/20\\\/explaining-the-tariff-game-to-my-child\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\\\/\\\/www.rivistaeco.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Explaining the Tariff Game to My Child\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.rivistaeco.com\\\/#website\",\"url\":\"https:\\\/\\\/www.rivistaeco.com\\\/\",\"name\":\"Rivista Eco\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.rivistaeco.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.rivistaeco.com\\\/#\\\/schema\\\/person\\\/d034a779568d9384f22be7db7ee815c4\",\"name\":\"Francesco Passarelli\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a03f98407e3f88060d028ffeb822aec9971d30d2b1b267c6a130cefc9424e7c5?s=96&d=mm&r=gab4f56f72bc456ffd181afbf6c4a9a4f\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a03f98407e3f88060d028ffeb822aec9971d30d2b1b267c6a130cefc9424e7c5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a03f98407e3f88060d028ffeb822aec9971d30d2b1b267c6a130cefc9424e7c5?s=96&d=mm&r=g\",\"caption\":\"Francesco Passarelli\"},\"url\":\"https:\\\/\\\/www.rivistaeco.com\\\/en\\\/author\\\/fpassarelli\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Explaining the Tariff Game to My Child - Rivista Eco","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rivistaeco.com\/en\/2025\/10\/20\/explaining-the-tariff-game-to-my-child\/","og_locale":"en_US","og_type":"article","og_title":"Explaining the Tariff Game to My Child - Rivista Eco","og_description":"How do tariffs work? And what do economists say about the trade war declared by Trump against the rest of the world? The verdict is […]","og_url":"https:\/\/www.rivistaeco.com\/en\/2025\/10\/20\/explaining-the-tariff-game-to-my-child\/","og_site_name":"Rivista Eco","article_published_time":"2025-10-20T09:46:05+00:00","author":"Francesco Passarelli","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Francesco Passarelli","Est. reading time":"11 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rivistaeco.com\/en\/2025\/10\/20\/explaining-the-tariff-game-to-my-child\/#article","isPartOf":{"@id":"https:\/\/www.rivistaeco.com\/en\/2025\/10\/20\/explaining-the-tariff-game-to-my-child\/"},"author":{"name":"Francesco Passarelli","@id":"https:\/\/www.rivistaeco.com\/#\/schema\/person\/d034a779568d9384f22be7db7ee815c4"},"headline":"Explaining the Tariff Game to My Child","datePublished":"2025-10-20T09:46:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rivistaeco.com\/en\/2025\/10\/20\/explaining-the-tariff-game-to-my-child\/"},"wordCount":2055,"articleSection":["Non categorizzato"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.rivistaeco.com\/en\/2025\/10\/20\/explaining-the-tariff-game-to-my-child\/","url":"https:\/\/www.rivistaeco.com\/en\/2025\/10\/20\/explaining-the-tariff-game-to-my-child\/","name":"Explaining the Tariff Game to My Child - Rivista Eco","isPartOf":{"@id":"https:\/\/www.rivistaeco.com\/#website"},"datePublished":"2025-10-20T09:46:05+00:00","author":{"@id":"https:\/\/www.rivistaeco.com\/#\/schema\/person\/d034a779568d9384f22be7db7ee815c4"},"breadcrumb":{"@id":"https:\/\/www.rivistaeco.com\/en\/2025\/10\/20\/explaining-the-tariff-game-to-my-child\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rivistaeco.com\/en\/2025\/10\/20\/explaining-the-tariff-game-to-my-child\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.rivistaeco.com\/en\/2025\/10\/20\/explaining-the-tariff-game-to-my-child\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/www.rivistaeco.com\/en\/"},{"@type":"ListItem","position":2,"name":"Explaining the Tariff Game to My Child"}]},{"@type":"WebSite","@id":"https:\/\/www.rivistaeco.com\/#website","url":"https:\/\/www.rivistaeco.com\/","name":"Rivista Eco","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rivistaeco.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rivistaeco.com\/#\/schema\/person\/d034a779568d9384f22be7db7ee815c4","name":"Francesco Passarelli","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a03f98407e3f88060d028ffeb822aec9971d30d2b1b267c6a130cefc9424e7c5?s=96&d=mm&r=gab4f56f72bc456ffd181afbf6c4a9a4f","url":"https:\/\/secure.gravatar.com\/avatar\/a03f98407e3f88060d028ffeb822aec9971d30d2b1b267c6a130cefc9424e7c5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a03f98407e3f88060d028ffeb822aec9971d30d2b1b267c6a130cefc9424e7c5?s=96&d=mm&r=g","caption":"Francesco Passarelli"},"url":"https:\/\/www.rivistaeco.com\/en\/author\/fpassarelli\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.rivistaeco.com\/en\/wp-json\/wp\/v2\/posts\/10413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rivistaeco.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rivistaeco.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rivistaeco.com\/en\/wp-json\/wp\/v2\/users\/6528"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rivistaeco.com\/en\/wp-json\/wp\/v2\/comments?post=10413"}],"version-history":[{"count":2,"href":"https:\/\/www.rivistaeco.com\/en\/wp-json\/wp\/v2\/posts\/10413\/revisions"}],"predecessor-version":[{"id":10415,"href":"https:\/\/www.rivistaeco.com\/en\/wp-json\/wp\/v2\/posts\/10413\/revisions\/10415"}],"wp:attachment":[{"href":"https:\/\/www.rivistaeco.com\/en\/wp-json\/wp\/v2\/media?parent=10413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rivistaeco.com\/en\/wp-json\/wp\/v2\/categories?post=10413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rivistaeco.com\/en\/wp-json\/wp\/v2\/tags?post=10413"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.rivistaeco.com\/en\/wp-json\/wp\/v2\/coauthors?post=10413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}