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> The thinking goes however, that nations will gain more if they can all agree to open their tariffs, and allow goods to "trade freely". Which is the exact opp
by rodgerd 11y ago
> The thinking goes however, that nations will gain more if they can all agree to open their tariffs, and allow goods to "trade freely".
Which is the exact opposite of how the United States, the United Kingdom, South Korea, Singapore, and Japan all got rich in the first place, so it's hard to see the real world examples that back this up.
- pc2g4d 11y agoDe facto free trade zones such as the United States themselves (and the internal economies of most nations) are a good example of what it looks like once the transformation is complete. Doesn't prove that moving from tariffs to no tariffs will be a net benefit, but it's a good model.