4 ms·
Wikipedia is always a good place to start: https://en.wikipedia.org/wiki/Protectionism#Impact https://en.wikipedia.org/wiki/Protectionism#Impact Edit: It's als
by schmichael 8y ago
Wikipedia is always a good place to start: https://en.wikipedia.org/wiki/Protectionism#Impact https://en.wikipedia.org/wiki/Protectionism#Impact
Edit: It's also worth mentioning that it is unlikely these tariffs are meant to last in the medium-to-long term. This is a trade war so knowing what's a long term strategy vs a short term tactical maneuver is intentionally obfuscated in order to maximize leverage against the opponent.
Each side is just trying to rack up bargaining chips before sitting down and coming up with comprehensive trade agreements.
Or... that's how things could work. You can never know anymore.
- Buetol 8y agoThis wikipedia article is a lot more biased than the french version. Here, it’s clearly anti-protectionism by defending the age-old myth of "comparative advantage".
- et2o 8y agoComparative advantage is the fundamental principal of economics. It is not a myth.
- aoeusnth1 8y agoWait, I didn't realize the basic principal of comparative advantage was in doubt. I'm a bit confused by your worldview - do you think that every person should produce exactly what only they need and never trade with others? What is the purpose of trade between individuals or groups?
- Buetol 8y agoExcept if the others countries are flooding yours with cheap goods to destroy your industry and economy. Like I've said, the french version put at least some criticism on this neoclassical point-of-view of the perfect market: https://fr.wikipedia.org/wiki/Avantage_comparatif#Objections_au_principe_de_l%E2%80%99avantage_comparatif https://fr.wikipedia.org/wiki/Avantage_comparatif#Objections...