Sunday, February 02, 2025

Tariffs And Trade Wars

I do think economists have muddled the issues for years, pretending that tariffs are in and of themselves some great evil borne out of ignorance, instead of one tool of taxation and policy among many.

It is the trade wars that are a problem, especially as tariffs become a tool for noneconomic goals (we call those sanctions now, usually).

Canadians know how to concentrate the pain onto various American brands in Republican states and congressional districts.

In 2018, for example, they targeted the vital playing cards industry. United States Playing Card Company is located in 
Erlanger, Kentucky (Mitch's state).

The US rules the interdependent world om a lot of ways,  but it is best not to surrender to bullies.