Tariffs tend to make all sides poorer. We benefit from cheap imports, because those imports serve as inputs to our companies. Additionally, tariffs on our side tend to be matched by tariffs on the other sides which will hurt exports. There’s no realistic scenario where a broad tariff benefits the local economy.
Tariffs tend to make all sides poorer. We benefit from cheap imports, because those imports serve as inputs to our companies. Additionally, tariffs on our side tend to be matched by tariffs on the other sides which will hurt exports. There’s no realistic scenario where a broad tariff benefits the local economy.
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