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by genjii931
1064 days ago
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Raising the price of imported goods via tariffs is designed to make domestic products comparatively price-competitive. Once you've driven all of your manufacturing offshore, tariffs won't work. While there are a few toolmakers left in the US, there are, for example, no cellphone makers, etc. |
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A modern proponent is Ha-Joon Chang, particularly in his books Kicking Away the Ladder and Bad Samaterians.
<https://en.wikipedia.org/wiki/American_School_(economics)>
<https://en.wikipedia.org/wiki/Ha-Joon_Chang#Kicking_Away_the...>