No, it’s not common sense to shoot yourself in the foot because somebody else does.
But as I say, I think at some point, we’ll get back on track: letting the free market economy work its “invisible hand” to create the “wealth of nations” (Adam Smith).
But, in general, the protective system of our day is conservative, while the free trade system is destructive. It breaks up old nationalities and pushes the antagonism of the proletariat and the bourgeoisie to the extreme point. In a word, the free trade system hastens the social revolution. It is in this revolutionary sense alone, gentlemen, that I vote in favor of free trade.
-- Karl Marx
Adam Smith was wrong about a lot.