Trade barriers reduce income and people’s economic well-being. There are no arguments that show trade barriers produce net positive economic results only political ones.
Tariffs are such a give-away to big government it is difficult to understand its popularity.
Do you really want the government to tell you what price you have to pay for a new car?
“Trade barriers reduce income and people’s economic well-being. There are no arguments that show trade barriers produce net positive economic results only political ones.”
The United States became the worlds’ largest manufacturer by 1940. Certainly “trade barriers” with had insufficient subtraction to slow that, or were a net add.
China practices all forms of trade protection, from tariff to currency manipulation to outright embargo.
They have risen to, at least, the second largest economy in the world since 1950.
That’s two pretty good arguments if you ask to judge results.
“Do you really want the government to tell you what price you have to pay for a new car?”
You just mean “Do I want government to tell me what the tariff will be on a Mercedes or BMW or some other car not manufactured in the US”.
I EXPECT them to. It’s part of their job.