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It's a classic prisoner's dilemma. We'd all be better off if nobody started any trade wars, but the moment one party starts becoming hostile, everyone else must
by jeroenhd 2y ago
It's a classic prisoner's dilemma. We'd all be better off if nobody started any trade wars, but the moment one party starts becoming hostile, everyone else must respond in kind or they'll be taken advantage of.
I hoped Americans had stopped being stupid and elected better leaders, but Trump's re-election shows that America and its people do not care about being reliable business partners. Ridding ourselves of American dependence will take decades, but with at least four more years of this bullshit ahead of us, we'd better get started soon.
- schnitzelstoat 2y agoBut Ricardo determined the opposite. That unilateral free trade is better even in the face of tariffs. In the end, it's their own consumers that pay the tariffs. If Trump wants to make Americans poorer then so be it, but we shouldn't follow suit.