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by MattPalmer1086
441 days ago
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It's clearly not protectionism, because you wouldn't put tariffs on everything - including all the raw materials and parts you need to import, if you wanted your local industries to succeed. And you'd have a coherent industrial policy to go along with it. |
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Putting tariffs on places that have a 20x factor difference in wages is something else.
And protectionism isn't necessarily a dirty word. It's often valuable to save your local industries from being wiped out and to not have a foreign country have complete control of a necessity.