3 ms·
Tariffs will make this much worse for two reasons: 1. importing your inputs becomes more expensive. 2. other countries will impose retaliatory tariffs on your
by astrange 2y ago
Tariffs will make this much worse for two reasons:
1. importing your inputs becomes more expensive.
2. other countries will impose retaliatory tariffs on your exports.
This is not how to do economic development; Asian countries instead used export promotion. (…And wage suppression and currency weakening.)