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Yes, and those new factories can employ some of the people unemployed from more valuable industries as a result of the retaliatory tariffs, but the net result o
by dragonwriter 2y ago
Yes, and those new factories can employ some of the people unemployed from more valuable industries as a result of the retaliatory tariffs, but the net result of broad tariffs is to constrict both the global and domestic production possibilities curve and the aggregate value created, both globally and locally.