Tarriffs

Tariffs are taxes on commerce and when you tax something you get less of it.

If you say the title quote by substituting prices for taxes, it becomes: “Tariffs are a price increase on commerce and when you increase prices on something you get less of it.” Decreased friction in trade is a large part of why prosperity in the world has increased. It is a huge mistake to return to the old insular regime of the early 20th century.


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