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How many things are as good for world's prosperity than low or no tariffs? That's only beaten by lack of armed conflicts. Wishful thinking, but still true.
by H8crilA 7y ago
How many things are as good for world's prosperity than low or no tariffs? That's only beaten by lack of armed conflicts. Wishful thinking, but still true.
- nine_k 7y agoTariffs are a way to force local businesses to produce something that's more cheaply available elsewhere. Usually it's exactly in an anticipation of a conflict (even armed) which would sever vital supplies of that stuff. Open markets work best when there is a common peaceful order, and an enforcer of it. US used to be, and largely continues to be such an enforcer, but not in the China's area of influence.
- toyg 7y agoFree and abundant healthcare and education trump anything commerce-related, in my book. You can argue trade can help in those areas too, but strictly speaking it’s not a prerequisite (often it’s even a problem).