3 ms·
Tariffs do not go against all sound economic theories lol.
by frgtpsswrdlame 8y ago
Tariffs do not go against all sound economic theories lol.
- tclancy 8y agoJust most of them. Certainly there are some edge cases where the other country's tariffs are so egregious the damage to the home country's citizens/ economy is helped by the tariff and they can be used to prevent dumping, but in anything close to ideal markets/ classical economics, tariffs are more likely to impose a cost on the host country's consumers while giving most of the benefit to a small group.