Plenty of countries have used tariffs to successfully develop and protect key industries. Including... the USA! https://www.gilderlehrman.org/history-resources

Plenty of countries have used tariffs to successfully develop and protect key industries. Including... the USA! https://www.gilderlehrman.org/history-resources/spotlight-primary-source/hamilton%E2%80%99s-report-subject-manufactures-1791#:~:text=Through%20high%20tariffs%20designed%20to,hold%20on%20the%20United%20States https://www.gilderlehrman.org/history-resources/spotlight-pr.... The choice to get rid of these policies was made by people who fully understood that doing so would pump assets and dump exports, and that the ability to benefit from the asset pump would be concentrated while the fallout from the dumping of exports would be widespread.