You can have sensible tariffs that do the intended job of encouraging a domestic market, but you need to have both supply and demand available domestically.
For example, Canada has an import tariff on milk and other dairy because we produce and consume our own dairy products. If some giant US milk conglomerate could start imprint on the cheap it would legitimately harm the Canadian economy.
You can have sensible tariffs that do the intended job of encouraging a domestic market, but you need to have both supply and demand available domestically.
For example, Canada has an import tariff on milk and other dairy because we produce and consume our own dairy products. If some giant US milk conglomerate could start imprint on the cheap it would legitimately harm the Canadian economy.
Cool story bro. Read the conversation next time. The topic was potash tariffs.
The topic was potash tariffs until they gave an example using a different product. That’s how examples work.