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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Sidney Reilly who wrote (111736)8/31/2011 4:05:46 PM
From: longnshort1 Recommendation  Read Replies (2) | Respond to of 224744
 
"For example if we paid just a little more for our clothes"

I would buy less clothes



To: Sidney Reilly who wrote (111736)8/31/2011 5:44:06 PM
From: grusum5 Recommendations  Read Replies (1) | Respond to of 224744
 
Now that doesn't make any sense. For example if we paid just a little more for our clothes we'd still have a garment and textile industry in the US. Everyone buys clothes.

then possibly you will listen to someone other than me..

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"The cost of tariffs to the economy is not trivial. The World Bank estimates that if all barriers to trade such as tariffs were eliminated, the global economy would expand by 830 billion dollars by 2015. The economic effect of tariffs can be broken down into two components:

1.) The impact to the country which has a tariff imposed on it.

2.) The impact to the country imposing the tariff.

In almost all instances the tariff causes a net loss to the economies of both the country imposing the tariff and the country the tariff is imposed on."

economics.about.com