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> So.. Extra tariffs will bring extra tax revenue In the short term. In the long term, that’s far from clear. The world economy is rather different now than it
by psergeant 8y ago
> So.. Extra tariffs will bring extra tax revenue
In the short term. In the long term, that’s far from clear. The world economy is rather different now than it was when America was a fledgling economy being exploited by the Brits
- passthefist 8y agoAnd I've seen some articles/papers suggesting that protectionist policies can make sense for an emerging/developing economy to make sure that established/developed economies don't usurp that growth by blocking them from moving up the value chain. So it may have been good policy back when America was a fledgling economy being exploited by the Brits.
- oldsklgdfth 8y agoI believe that is the way that S.Korea developed it's economy. Specifically, they raise tariffs on automobiles to boast their own automotive industry. I think this book explains that: https://www.amazon.com/Bad-Samaritans-Secret-History-Capitalism/dp/1596915986 https://www.amazon.com/Bad-Samaritans-Secret-History-Capital...