Source: Foundation for Economic Education
by Marcos Falcone
“When Argentines go abroad, they usually go shopping. Many of the products they want cannot be bought at home, ranging from clothes to smartphones and all kinds of home appliances. Because of this, it has become a tradition to return from a trip with one or two extra suitcases filled with smuggled goods. Did you know that it is more expensive to buy an outdated iPhone in Argentina than it is to fly from Buenos Aires to Miami, stay for three days, and get the newest one? Paying higher prices and accessing lower-quality products are the natural consequences of adopting tariffs, one of US President Donald Trump’s favored economic policies. Argentina has already gone down this road.” (02/23/25)
https://fee.org/articles/protectionism-a-warning-from-argentina-to-the-us/