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kinsomo | 7 years ago
There's an important qualification: that's probably only true in the short or medium term. I believe the goal is that the higher cost would produce economic space for competitors to enter the market.
Ironically, I believe the WTO rules allow for countries classified as "developing" (like China) to maintain high tariffs to develop local industry for precisely this reason.
curiousgal|7 years ago
Exactly, except there is no long term because the following administration will undo all of what the current one has done.
mistermann|7 years ago