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Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by parvenu74 on Thursday May 31, 2018 @08:50PM (#17201652)
Can anyone point to an historical case study where protective tariffs resulted in a better economic or social outcome? I can’t help but recall the saying: “When goods don’t cross borders, soldiers soon will.” Not that I think the United States is going to war with Canada, but the (German-dominated) EU and China are less certain.
Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by hugh4life on Thursday May 31, 2018 @08:58PM (#17201697)
The US when it was industrializing? China now? Protectionism can be good for large nations/markets catching up to other nations/markets.
Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by WhompingWindows on Thursday May 31, 2018 @09:30PM (#17201878)
US was industrializing throughout the 1800's, there are empty/converted factories all up and down the East Coast from these. In New England, it was a lot of textiles, metalworking, shoes, parts, etc. What tariffs protected that growth? To me it seems to be a rising production due to rising demand for those products, as factories/mass production wasn't common prior to 1800.
Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by hunter23 on Thursday May 31, 2018 @09:42PM (#17201944)
The US had protective tariffs and regulations (along with a lack of free trade agreements) which definitely protected foreign goods and companies from entering the country. Protective tariffs literally started with George Washington with the goal of "the encouragement and protection of manufactures".
Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by mastazi on Thursday May 31, 2018 @09:22PM (#17201835)
Tariffs on corn prompted a guy called James Wilson to create The Economist, of course you may or may not regard that as a positive outcome: https://en.wikipedia.org/wiki/The_Economist#History
Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by jcranmer on Thursday May 31, 2018 @11:01PM (#17202264)
Tariffs on wheat and rye, mostly. Note that, in British English, "corn" generically refers to grain, while in American English, "corn" is synonymous with "maize."
Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by mastazi on Monday June 04, 2018 @03:15AM (#17225316)
Yes, a bit like the German equivalent körner
Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by s2g on Thursday May 31, 2018 @09:17PM (#17201812)
Canada has been arguing with the US about dairy for a while. Protecting that industry, you could argue, actually is a national security issue and tariffs are needed because of the massive production of the US.

IIRC haiti allowed tariff free dairy and now pretty much don't have that industry anymore.

Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by toomanybeersies on Thursday May 31, 2018 @10:24PM (#17202130)
I can't point to any specific examples, but tariffs are generally more effective, or at least less harmful when targeted on luxury goods.

Tariffs on general goods like steel, food, or oil just increase costs for the whole population.

Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by BurningFrog on Thursday May 31, 2018 @09:33PM (#17201900)
Tariffs can be good for big companies and other special interests in a country, but never for the country as a whole.

So when you ask if they result in "better economic or social outcome", you have to be careful to think about "for who?".

Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by darawk on Thursday May 31, 2018 @09:47PM (#17201971)
That's definitely not true. Tariffs have allowed China to bootstrap a local tech industry. It's been extremely beneficial for them.
Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by kakwa_ on Friday June 01, 2018 @02:59AM (#17203176)
Not necessarily.

Let say you are a large developing country and you want to bootstrap a domestic car industry. The first cars coming out will probably not be that great as you don't have the engineering knowledge or the experience building cars yet.

Cars built by foreign companies are definitively better, and maybe cheaper to buy and/or to operate.

If you do nothing, this new car industry would die quite soon.

So you impose tariffs on foreign cars, that way your domestic production is protected, and you are able to make it grow and make it better. However be careful to not protect it too much, otherwise it will keep producing crappy cars looking like Trabant. With time you decrease the protection progressively.

Another less abstract example is food, for instance, rice production and tariffs in Haiti:

https://en.wikipedia.org/wiki/Rice_production_in_Haiti

Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by BurningFrog on Saturday June 02, 2018 @02:27PM (#17215711)
So while you protect the local industry, your population is forced to overpay for inferior cars. I think we agree on that fact.

You're saying that that is more than compensated for by the later emergence of a competitive car industry, and the various wealth effects it spreads across the nation over many following decades.

I just don't think there is empirical support for that. I'm sure you can cherry pick examples in hindsight, but if you do an honest accounting of these attempts, including those that failed I don't think it looks good.

Except for the favored industry of course, who makes a nice living during the protected era.

Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by dominotw on Thursday May 31, 2018 @09:12PM (#17201785)
Seems to be working for china.
Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by duxup on Thursday May 31, 2018 @09:26PM (#17201865)
I believe Ecuador had a short run where they closed up some of their economy and it paid off for a bit, but they were hardly operating like a large global trading nation before that...
Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by maxerickson on Thursday May 31, 2018 @08:58PM (#17201704)
Why would Germany invade Canada?

More seriously, I will be pretty surprised if this particular stupidity escalates to any kind of military action.

Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by AlexCoventry on Thursday May 31, 2018 @09:10PM (#17201777)
It probably won't directly escalate to military action, but the Smoot-Hawley Tariff Act of 1930 did make it a lot easier for the Nazis to take power in 1932.

Edit: I'd be grateful for an explanation for why this might be getting downvoted.

Re:Canada hits back at 'punitive' U.S. tariffs in 'turning p... by hunter23 on Thursday May 31, 2018 @09:40PM (#17201934)
Protective tariffs are a good idea for protecting nascent industries from essentially foreign competition. Many countries in Asia essentially locked foreign goods from certain industries during the later half of the 20th century to help build their own industries post WW 2. They ended up opening their economy once their domestic players hit a critical stage where they could compete with international players. For example, India closed off their soda, car, and other markets to spark a homegrown industry. In the 1990s they liberalized the economy and opened it to the international megacorps, but many of the domestic companies still remain in some form and there are large manufacturing plants still from that era. So it is entirely possible that protective tariffs can help for long term growth when done strategically.

However, I highly doubt any of Trump's tariff's are strategically smart.