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victorbjorklundyesterday at 6:21 PM2 repliesview on HN

Tariffs are not free market. A true free market would have zero tariffs.


Replies

dredmorbiustoday at 4:00 PM

Tariffs, as with taxes, may serve positive, market-favourable functions, particularly in addressing market failures, uneven regulation (e.g., higher pension, safety, environmental, and/or medical-care burdens in the importing country), as well as anti-dumping or anti-interference actions. British-Korean economist Ha-Joon Chang writes of this, particularly in Kicking Away the Ladder:

<https://en.wikipedia.org/wiki/Ha-Joon_Chang#Kicking_Away_the...>

Recent US tariffs fall rather short on most of these points, of course.

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tw04yesterday at 6:37 PM

And it would quickly be destroyed by competing governments that don’t believe in free markets and actively subsidize their industries to capture market share.

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