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To: Pearls Before Swine

The idea is to get closer to the ideal of mythical “Free Trade”, but Free Trade is something we’ve never had. Tariffs are a useful tool to get concessions and leverage in order to get a fairer deal on trade in the long run.


14 posted on 05/16/2019 7:23:54 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: dfwgator

Of course.

We take some pain, they take some pain, hopefully it works out to a deal we’ll like better than the current situation.

In reverse, the Chinese subsidize strategic industries, see that there’s a labor cost advantage by holding down wages, etc.,

A key idea of free trade is that governments are out of the picture, so that comparative advantage is determined “honestly” (for lack of a better word).


18 posted on 05/16/2019 7:28:08 AM PDT by Pearls Before Swine ( "It's always a party when you're eating the seed corn.")
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