Replying to Avatar patrick '💅' el Don

For the sake of argument less assume the tariff is voluntarily agreed upon between the two parties.

Do you think tariffs are a negative if there is a decrease in productivity levels but the host country becomes less dependent on other nations to produce essential goods?

The cost of tariffs is a less efficient allocation of global resources but the benefit is reducing a nations dependence and sovereignty levels on other powerful actors.

I think one has to judge it on a case-by-case basis to evaluate the value a nation should place on productivity over independence given the nations unique circumstances.

What are your thoughts?
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Ghost of Truth 11mo ago

I can answer that quite well with the Austrian school. every reduction in the division of labor, especially at the international level, leads to a reduction in labor productivity and the efficiency of capital use. We are losing established patterns of specialization, which are gradually being lost. Mercantilism has no winners in the long term. But in a geopolitical context, it is important to point out that Europeans are the world champions of hidden trade barriers. What is happening here is a payback that is long overdue

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