Alex asked in Social ScienceEconomics · 3 years ago

If trade tariffs were greatly removed on US exports wouldn't that cause the labor force to explode with growth and profits.?

2 Answers

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  • 3 years ago

    Other countries know the real long term effect of tariffs on imports to their economies. The US has striven for principle in the hope that the rest of the world would do the same. It should be clear by now, they will NOT follow suit.

  • Anonymous
    3 years ago

    In the time of Ricardo when the trade was based really on the comparative advantage, and no one could invent how to manipulate the advantage like the Japanese. But 74 years after free trade, the US is the only country on earth which has kept the market principle. Germany and its friends have invented the trading block,and the monetary union today to get away from the world free trade. The US has oped the market freely to help them from poverty. And now ,they will kill us for Chinese. Was's a shame.

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