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Comment by Marsymars

16 days ago

> Can you explain why countries have tariffs if tariffs are bad for their economies as a general principle?

Primarily special interest groups. e.g. You have a hundred people, everyone loses 1% of their salary due to tariffs, but one person retains 90% of the tariffs and the remaining 10% is lost. The net result is negative, most people don't care much about the 1%, but the one winner is vociferously against losing his entire income.