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Tariffs are mutually destructive. In some cases they would hurt the US more than they hurt China. Tariffs will impact average consumers harder than the wealthy
by twblalock 8y ago
Tariffs are mutually destructive. In some cases they would hurt the US more than they hurt China.
Tariffs will impact average consumers harder than the wealthy by raising the costs of everyday goods.
Tariffs cause us to spend money sheltering uncompetitive companies. It’s not sustainable in the long term and distracts us from doing what we should be doing — making companies competitive and starting new companies in areas where we have comparative advantages.
This has all been done before and we know it didn’t work out.
All of these things are true even if China is breaking some free trade rules.