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And it would quickly be destroyed by competing governments that don’t believe in free markets and actively subsidize their industries to capture market share.
by tw04 10mo ago
And it would quickly be destroyed by competing governments that don’t believe in free markets and actively subsidize their industries to capture market share.
- vmg12 10mo agoThe US has been largely tariff free since the 1900s and it's the largest economy in the world.
- tw04 10mo agoRemind me where I can buy a Chinese EV? And I assume there’s no government subsidies to allow US private sectors to compete globally because free market right? Right?
- vmg12 10mo agoI forgot to put in my comment "until recently". And the US auto industry does such so using that as your argument in favor of tariffs doesn't really work.
- ethbr1 10mo agoThe 1960s+ chicken tax would like a word. https://en.wikipedia.org/wiki/Chicken_tax https://en.wikipedia.org/wiki/Chicken_tax
- HDThoreaun 10mo agoYes, trucks are one of the few areas where there have been tariffs. And unsurprisingly American automakers are now completely uncompetitive.
- tw04 10mo agoYou and your downvote brigade can continue to hit my posts but it won’t change the fact the US has been subsidizing our agriculture sectors and oil and gas to the tune of hundreds of billions of dollars for a LONG time. Anyone claiming the US is a completely free market is either uninformed or a delusional nationalist.
- vmg12 10mo agoI didn't downvote you once, I don't do it to people I'm discussing things with out of principle.
- victorbjorklund 10mo agoCan you give an example of a zero tariff country being destroyed by a super high tariff country? I can give you examples of the opposite. For example Argentina tried to build up domestic industries with high tariffs.