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> Likewise, it should be apparent to anyone with a cursory understanding of economics Can you explain why countries have tariffs if tariffs are bad for their e

• wat10000 2y ago
  Because people largely believe what they want to believe, and people are flawed, especially politicians. Is that sufficient or do I need to go into detail? Trump didn’t invent tariffs nor did he invent being an idiotic leader enacting policies that hurt his country.
• ipaddr 2y ago
  To protect local industries which create higher prices. Smaller countries do this to protect jobs from economies of scale but pay a price and have a lower standard of living.
• Marsymars 2y ago
  > Can you explain why countries have tariffs if tariffs are bad for their economies as a general principle? Primarily special interest groups. e.g. You have a hundred people, everyone loses 1% of their salary due to tariffs, but one person retains 90% of the tariffs and the remaining 10% is lost. The net result is negative, most people don't care much about the 1%, but the one winner is vociferously against losing his entire income.