Ferdinand Mount · Biff-Bang: Tariffs before Trump
Ferdinand Mount · Biff-Bang: Tariffs before Trump
Ferdinand Mount's article challenges the common belief that globalization is past its prime, arguing that the recent enthusiasm for tariffs, championed by figures like Donald Trump, represents a return to historical protectionist policies rather than a forward-looking economic strategy. It explores the origins of tariffs from ancient times, through mercantilism, and highlights parallels between Trump's approach and past figures like Herbert Hoover, while critically examining the economic impacts of such measures.
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a complicated history of tariffs that despite not delivering on its public promise, it delivers as a tool of fear of loss of nationality and national security.
even more complicated that it might be tool that perhaps has some value if used correctly (focused on industries you want to target and protect).
that's not how it is being wielded today.
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