Comment by jampekka
8 months ago
A major reason for the tariff thing is that free trade has a lot of losers, and those were left out to dry, and even ridiculed.
Another reason is that being economically dependent on foreign countries can be quite risky. E.g. if China gets economically independent from the west but the west is still dependent on China, China will have immense power over the west.
Yeah, I get the arguments. They're just wrong. I'm not aware of a single time in history where a trade war worked to the advantage of the instigator. If you really want this, for the reasons you say, it's because we're already losing and cutting us off from the "enemy" just accelerates the loss.
Trade makes everyone richer, and the cost is that some of the people you don't want to be rich get rich. But willfully choosing to be poor doesn't fix that.