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> We probably don't benefit from importing all of our 21st century products and services from the US This amounts to "our country is bad at [thing], so let's
by TulliusCicero 7y ago
> We probably don't benefit from importing all of our 21st century products and services from the US
This amounts to "our country is bad at [thing], so let's restrict trade for [thing] to protect our industries."
Of course it sounds great until other countries counter by restricting the thing you are good at, and then everyone loses.
- dantheman 7y agoIt also robs those not in the favored industries by either providing them an inferior or more expensive product/service, usually both.
- blub 7y agoThat's precisely the right decision if those industries have national significance.
- nprateem 7y agoIt amounts to "these multinational companies employ armies of accountants to use every trick in the book to avoid paying taxes on all the sales they've made in our country, and it's not fair"