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Yep, it's going to make everything more expensive (lemmy.world)

submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] 16 points 2 months ago (1 children)

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.

[–] [email protected] 1 points 2 months ago

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