Re:Trump Plans New Curbs on Chinese Investment, Tech Exports...
by yding on Monday June 25, 2018 @02:56PM
(#17394760)
My point is that 0 tariffs doesn't automatically equal disaster. But I agree that there's not enough evidence to say that unilaterally reducing tariffs to zero is actually the best policy, although some economists do make that argument.
So a banking haven, with banks so massive they'd require the big US banks to get over 10x larger to match the relative scale to the Swiss economy.
A tiny, highly regulated gambling haven, that can't be replicated to the US scale at all.
And then two tiny islands in Hong Kong and Singapore, with a combined 13 million people.
That's a really terrible comparison sheet for arguing low tariffs are a big benefit to the US economy.
Now show me the same for: Germany, France, UK, Japan, Australia, Canada, China, India, Italy, Brazil, Russia, Spain, South Korea. The world's largest economies, and countries that actually have serious population sizes.