Re:U.S. Exits Paris Climate Accord
by noworriesnate on Wednesday November 04, 2020 @08:21AM
(#24988734)
No, because companies that want to employ Americans can't compete with companies that want to employ Chinese, because it costs less to employ Chinese.
In other words there are externalities (polluting the global environment) that aren't priced into the cost of labor when you're comparing the two countries. Tariffs and similar things can help price in that externality.
Re:U.S. Exits Paris Climate Accord
by he0001 on Thursday November 05, 2020 @01:27AM
(#24996091)
Tariffs have been good for China. In fact their economy is booming. Polluting your own soil is never a good thing and spills over on other aspects of society makes it more expensive.
In other words there are externalities (polluting the global environment) that aren't priced into the cost of labor when you're comparing the two countries. Tariffs and similar things can help price in that externality.