this post was submitted on 10 Jun 2024
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Tariffs make us all poorer in the long run. Did we learn nothing in the 20th century?
It is impossible to compete when the playing field is not level. If state subsidies, energy production, co2 impact (not bullshit certificates and offsetting) could be equalized, then tariffs wouldn't be so badly needed.
I too would like to have no VAT, import tax etc, and for everyone to get along nicely. The reality is, that we live in a highly competitive world where major powers are fighting for control over critical industries and raw resources.
@makeasnek, this may be fine if and when all countries apply to the same rules, but this is not the case. China is heavily protecting its market, and they do so much more than the EU or the US. In China, foreign companies can't even run a subsidiary in the country, they need a Chinese parther firm to create a joint venture. Recent Chinese 'security laws' even make simple market research almost impossible as it may be seen as 'espionage' by China, which made many consulting firms close their Chinese offices. And these are just two examples.