News for hackers. Stuff that matters.
Re:YouTube bans Steve Bannon's podcast channel by erik_seaberg on Monday January 11, 2021 @02:08AM (#25725683)
Foreign competition is a choice (by setting low tariffs). I happen to benefit from it, but it seems a lot of working citizens don’t, and they want more protectionism than they got from Trump.
Re:YouTube bans Steve Bannon's podcast channel by creato on Monday January 11, 2021 @02:17AM (#25725740)
I'm not one of the economists that knee jerk reject protectionism, but I don't think it would help that much either. Trading partners won't accept tariffs without reciprocating. The US might be big enough now to get away with this to some degree, but that won't last forever, and tariffs would probably accelerate that reduction in influence.

I'm all for tariffs when there is some other goal that makes sense (for example I think tariffs should bake in the cost of environmental or other regulatory compliance we have that the foreign trading partner does not).

Re:YouTube bans Steve Bannon's podcast channel by erik_seaberg on Monday January 11, 2021 @02:36AM (#25725869)
Yeah, free trade offers a larger pie to those of us who earn a slice of it.
Re:YouTube bans Steve Bannon's podcast channel by tomp on Monday January 11, 2021 @04:32AM (#25726640)
I think one of Trump’s biggest mistakes was (attempting to) wage a tariff war with Europe, instead of creating a larger coalition for an economic war against China.

China’s not free trade anyways (not in terms of tariffs, but in terms of foreign businesses operating locally, and in terms of manipulating currency) so there’s only so much they can retaliate...