Back then, many countries including Germany, Japan and the United States embraced List’s tariff walls.
While the Americans build tariff walls, we should form new trade relationships with other countries.
Goods don’t pay import taxes, only people pay import taxes.
For much of the post-World War II period, the U.S. auto industry had an effective oligopoly on U.S. sales—quality plummeted and prices soared.
Ironically, when it comes to imported goods, Trump’s concern seems to be that prices are too low.
Donald Trump doesn’t understand the benefits of trade, and Hillary Clinton has criticized trade on the campaign trail.
People make decisions every day based on the costs they perceive and the benefits they expect from individual actions.