Tariffs and bans are policies of fear. They happen when we are scared that another country’s innovation has surpassed our own.
The best response to competition? Investing in your own science, technology, and education. That’s true courage.
Tariffs and bans are policies of fear. They happen when we are scared that another country’s innovation has surpassed our own.
The best response to competition? Investing in your own science, technology, and education. That’s true courage.
Tariffs can be a reasonable economic policy to encourage self reliance. In some developing countries, I could see why people support economically nationalist policies like that.
However, this policy is a bad fit for the United States of America.
Tariffs are trump admitting that he believes America can’t compete with the rest of the world. Ironically, tariffs make America even less competitive than before.