Tariffs, as with taxes, may serve positive, market-favourable functions, particularly in addressing market failures, uneven regulation (e.g., higher pension, safety, environmental, and/or medical-care burdens in the importing country), as well as anti-dumping or anti-interference actions. British-Korean economist Ha-Joon Chang writes of this, particularly in Kicking Away the Ladder:
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.
Can 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.
Tariffs, as with taxes, may serve positive, market-favourable functions, particularly in addressing market failures, uneven regulation (e.g., higher pension, safety, environmental, and/or medical-care burdens in the importing country), as well as anti-dumping or anti-interference actions. British-Korean economist Ha-Joon Chang writes of this, particularly in Kicking Away the Ladder:
<https://en.wikipedia.org/wiki/Ha-Joon_Chang#Kicking_Away_the...>
Recent US tariffs fall rather short on most of these points, of course.
It is still not a free market thing.
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.
Can 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.
The US has been largely tariff free since the 1900s and it's the largest economy in the world.
Remind 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?
4 replies →