patrick ☘️ on Nostr: For the sake of argument less assume the tariff is voluntarily agreed upon between ...
For the sake of argument less assume the tariff is voluntarily agreed upon between the two parties.
Do you think tariffs are a negative if there is a decrease in productivity levels but the host country becomes less dependent on other nations to produce essential goods?
The cost of tariffs is a less efficient allocation of global resources but the benefit is reducing a nations dependence and sovereignty levels on other powerful actors.
I think one has to judge it on a case-by-case basis to evaluate the value a nation should place on productivity over independence given the nations unique circumstances.
What are your thoughts?
Do you think tariffs are a negative if there is a decrease in productivity levels but the host country becomes less dependent on other nations to produce essential goods?
The cost of tariffs is a less efficient allocation of global resources but the benefit is reducing a nations dependence and sovereignty levels on other powerful actors.
I think one has to judge it on a case-by-case basis to evaluate the value a nation should place on productivity over independence given the nations unique circumstances.
What are your thoughts?