3 ms·
If we passed high import tariffs then other nations would pass reactionary import tariffs and make it harder for our goods to be sold overseas. In general, it
by civilian 16y ago
If we passed high import tariffs then other nations would pass reactionary import tariffs and make it harder for our goods to be sold overseas. In general, it would lower trade. See: http://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act http://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act
- eru 16y agoYou don't need the reaction argument. High tariffs are bad, no matter if the other guys decides to also bang their head against the wall or not.