Warning: Some posts on this platform may contain adult material intended for mature audiences only. Viewer discretion is advised. By clicking ‘Continue’, you confirm that you are 18 years or older and consent to viewing explicit content.
I mean, tariffs can definitely make sense if a country is making extremely cheap alternatives that destroy the local industry or if another country sells insanely cheap options to get a monopoly on the market to then increase the price.
Problem is that that country is miles ahead in the technology of the other country’s local industry and has fine do through economies of scale while the other country keeps on pumping out high margin versions of their inferior product
I mean, tariffs can definitely make sense if a country is making extremely cheap alternatives that destroy the local industry or if another country sells insanely cheap options to get a monopoly on the market to then increase the price.
Problem is that that country is miles ahead in the technology of the other country’s local industry and has fine do through economies of scale while the other country keeps on pumping out high margin versions of their inferior product