13 sats \ 2 replies \ @Undisciplined 20 Jul \ parent \ on: Let's talk tariffs and (U.S.) domestic commodities econ
You're right that this gets very messy when you take the actual conditions of our trade partners into account. That's why I'm not as animated about trade as many other libertarians, compared to how much I hate income or property taxes.
What might be worse than the generic inefficiencies of restricting trade, is the way trade policy is used to benefit certain industries and corporations. That is a major corrupting influence in our economy and government, so it would probably be better if they didn't have the option.
write
preview
21 sats \ 1 reply \ @Bell_curve 20 Jul
Why does WTO exist?
USA should leave WTO and establish free trade/low tariff zones or agreements
EU was originally founded as Economic Union, a Common Market, zero or low tariffs between member nations post WW2
reply
13 sats \ 0 replies \ @Undisciplined 20 Jul
USA was pretty much founded as an internal free trade zone, too.
I agree. America is a huge market that everyone wants access to. There's very little to gain from being in these organizations, other than special favors for politically connected groups.
reply