Goose wrote on Nov 6
th, 2024 at 10:26pm:
In this purported free trade world economy of no tariffs,
which in mainstream economics is supposed to ensure the greatest economic progress for everyone....
Quote:where all the world benefits from no tariffs, have a guess how many countries actually have tariffs in place, right now?
Go on guess..............
No need to guess: the poorest countries are attempting to stay alive via tariffs.
(Google)
Which countries have tariffs?20 Countries With the Highest Tariffs
Guinea. Tariff Rate (2020): 12.20% ...
Nigeria. Tariff Rate (2020): 12.40% ...
Vanuatu. Tariff Rate (2020): 12.70% ...
Antigua and Barbuda. Tariff Rate (2020): 13.10% ...
Solomon Islands. Tariff Rate (2020): 13.60% ...
Venezuela. Tariff Rate (2020): 14.10% ...
Sierra Leone. Tariff Rate (2020): 14.10% ...
Nauru.
More items...•20 Mar 2024
...
...you get the picture.
But the US is the richest country....
Quote:The truth is, it's crock of poo?
Correct - mainstream economic orthodoxy, that is.
But Trump's tariffs will increase inflation at home, worsening the cost of living crisis in the US.