That doesn't work. What happens is that industry sells for a bit less than the price of the imported good and everyone suffers. It has no longer any incentive t

That doesn't work. What happens is that industry sells for a bit less than the price of the imported good and everyone suffers. It has no longer any incentive to compete and just sits and withers off while countries and companies participating in the market overtake it. It does the opposite of protecting the industry. While its still anti capitalist, I would consider state subsidies of certain industries more palatable than tariffing of competition.