Some people don’t agree on that. Free market globalists* like @davidgshort for example.
*i have no idea what this word means. It just seemed appropriate
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My point is generally that I don’t know what the negative consequences will be aside from higher prices. I think government having the power to pick who has to compete with global markets is generally going to be worse than not having that power.
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If we don’t get protectionism, we can see what happens. I think we’ll get it, but if we don’t the USA will be relegated to Russia status in global affairs. China will be #1
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If the car cost 10% more and was made in America, some people would choose to buy that. If it cost 100% more, probably almost no one would. I don’t know where the tariff should be set, and wherever it is set will create deadweight loss for the economy as a whole.
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I think the situation is more complex than the macroeconomic equations make it seem.
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