3 ms·
I believe what you are describing is commonly known as fair trade, not free trade.
by amanaplanacanal 2y ago
I believe what you are describing is commonly known as fair trade, not free trade.
- gruez 2y agoAt least in common parlance, "fair trade" just referred to paying third world farmers a "fair" (ie. above market value) price.
- PaulHoule 2y agoIf there are 25% bidirectional tariffs the big companies win but you lose. In a free market without tariffs you are free to go to the better vendor no matter which country you go to. Competition makes everybody get better. With 25% tariffs Europeans go to the tired European monopoly and Americans get gouged by the American monopolies. The monopolists agree it's great but you pay more for worse services.