There is no substitute for a tariff. Especially when every other country applies then to our exports.
“There is no substitute for a tariff. Especially when every other country applies then to our exports.”
Not only do other countries use tariffs they employ non-tariff barriers (costly inspections, special labeling, product modifications). Many also subsidize exports with discounted loans for capital spending, tax relief, and export rebates.
I was disappointed the GOP Congress caved on the border adjustment tax.