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by dmalik 465 days ago
> I’m sure I’m way over simplifying this, to the point of stupidity, but tariffs raise prices on foreign goods to encourage the sale and/or development of local goods, don’t they?

What about all the businesses that export products or the ones that rely on imports. Businesses go bankrupt, prices go up for everyone and less people have jobs.

1 comments

We had to bail out soy bean farmers last time to the tune of $25B. That's just one instance of how they backfired and did more harm than good