A properly designed tariff policy is not an attack on free trade. It is the only way to save it in a world where trade has been manipulated by mercantilist government policies. The post Breitbart Business Digest: The Case for Strategic Tariffs from Ricardo to Reagan appeared first on Breitbart.
An article from Breitbart argues that strategic tariffs, as opposed to blanket tariffs, can lead to global prosperity by forcing countries engaging in unfair trade practices (subsidies, currency manipulation) to return to their true comparative advantage, citing Reagan's tariffs on Japanese semiconductors as an example. The article challenges the traditional economic view that tariffs always reduce efficiency, suggesting they can be beneficial when trade is distorted by state intervention.
