U.S. President Donald Trump has threatened to impose far larger tariffs on the European Union and Canada if they work together to combat trade tariffs.
I get the premise, it just seems silly. If a foreign company wants to give you steeply-discounted stuff, it seems like you ought to take the cheap stuff and enjoy it rather than worry about being unable to sell the same stuff as cheaply.
Why would you want to reduce imports anyway?
“China is sending us cheap cars! What are we gonna do?!”
Idk man, drive the cars and use the money you saved for something else? Seems like a good deal to me.
They are often done to ensure local production of critical infrastructure or to compensate foreign markets from subsidizing their exports
I get the premise, it just seems silly. If a foreign company wants to give you steeply-discounted stuff, it seems like you ought to take the cheap stuff and enjoy it rather than worry about being unable to sell the same stuff as cheaply.