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Tarrifs are the obvious solution and what we're doing. I expect to see a lot more of it. This is the one situation where economists would largely recommend them
by mattmaroon 2y ago
Tarrifs are the obvious solution and what we're doing. I expect to see a lot more of it. This is the one situation where economists would largely recommend them.
If you're afraid of a looming onslaught of cheap Chinese cars, just make 'em not cheap.
- ExoticPearTree 2y agoBut then again, you want to export to China as well, so they can make your products more expensive in retaliation by slapping tariffs on your exports.
- mattmaroon 2y agoAnd they certainly have and will and it has had an impact. But what’s the alternative? Let them decimate your industries one by one until they own them all? It’s not great in any case and one hopes diplomacy can solve it but I don’t see another path.