3 ms·
the purpose of well-thought tariffs is tho incentivize local markets and production, that is how South Korean and Japanese car companies were able to exists. T
by afiori 5y ago
the purpose of well-thought tariffs is tho incentivize local markets and production, that is how South Korean and Japanese car companies were able to exists.
The two cases where it is almost unconditionally stupid is if there is no chance to develop or grow a local market or if you are reliant on those same countries for your own export (they are most likely going to tariff your products back)