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Politics : Formerly About Advanced Micro Devices
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To: Augustus Gloop who wrote (1507845)12/13/2024 11:48:04 AM
From: Tenchusatsu  Read Replies (1) of 1584048
 
Augustus,
Would you prefer cheaper goods, mass layoffs, poverty AND the trade imbalance?
a) Unemployment is hovering around 4%. There are plenty of jobs out there.

b) Free trade doesn't cause poverty, but barriers to free trade can thanks to increases in cost of living.

c) Trade imbalances work themselves out. Free market works as intended.

Unless there is a specific reason, or a certain industry that a country wants to protect for national security reasons, tariffs are often a bad idea. Protectionism always disincentivizes innovation and competition.

Tenchusatsu
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