Nations

Is it right for nations to protect their local industries with tariffs?

For

It saves jobs and keeps local businesses alive.

Against

It reduces global trade and raises prices for consumers.

Anonymous excerpts, translated where noted.

For

  • in theory tariffs are supposed to protect local industries, make domestic products more competitive.
    RedditOriginal language: English
  • specific industries might benefit from specific tariffs
    RedditOriginal language: English

Against

  • in practice it usually end up being consumers paying higher prices, not the foreign companies.
    RedditOriginal language: English
  • The mainstream economics view is that tariffs are bad for the vast majority of people
    RedditOriginal language: English
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