2 ms·
Tariffs motivate smuggling. Smugglers corrupt the government's tax authorities so they will look the other way. Consumers who buy the cheaper product know full
by litoE 2y ago
Tariffs motivate smuggling.
Smugglers corrupt the government's tax authorities so they will look the other way.
Consumers who buy the cheaper product know full well it's smuggled goods.
Conclusion: tariffs corrupt all of society. I saw this first hand growing up in South America with tariffs on all imported goods.