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Protectionism is France and England putting tariffs on each others cheese. America putting tariffs on Canadian lumber. Putting tariffs on places that have a 20
by colechristensen 2y ago
Protectionism is France and England putting tariffs on each others cheese. America putting tariffs on Canadian lumber.
Putting tariffs on places that have a 20x factor difference in wages is something else.
And protectionism isn't necessarily a dirty word. It's often valuable to save your local industries from being wiped out and to not have a foreign country have complete control of a necessity.
- MattPalmer1086 2y agoMy point is only that these tariffs cannot be motivated by protectionism, since they are not targeted and will also disadvantage local industry.