Are tariffs a viable option for protection in todays global economy

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(01-26-2018, 01:48 PM)Sociopathicsteelerfan Wrote: To the Great Depression?  No, absolutely not.


Nothing like today's world, unless you live in China or India or another country producing cheap consumer goods on the back of a borderline slave labor force.  As I argued above, tariffs could address this issue.

So the greatest recession, since the depression, warrants no comparisons? Okay.

And tariffs make sense on a grander scale, but not on a country by country basis. For example, if NATO decided to tariff metals coming China, that would make sense. In a world market, economic powers cooperating makes sense. Trying to go solo with economic isolationism is just asking to be left in the dust, though.