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50 sats \ 0 replies \ @028559d218 15 Jun \ on: Will tariffs spur innovation? econ
The kind of innovation I imagine... is for example the smuggling of electronics across the borders of Mexico and Canada into the United States.
If there is a 'tariff' on electronics imported into the United States, but no tariff on electronics entering Canada and Mexico... then an 'arbitrage' opportunity will result motivating smugglers to 'import' to the United States and sell them.
Free market in action!!!