Source: EconLog
by Pierre Lemieux
“What will happen if foreign companies or foreign plants of American companies cannot sell their goods in America without being constantly hit by whimsical American tariffs and threats thereof, up one month, down the next month, and up again? They will move their production facilities to America? But then, they will also know that they risk being hit with whimsical American tariffs on their inputs. And they know that foreign states will often retaliate. Moreover, in these circumstances, the legendary American market will have become much less attractive since most people will be poorer, except for government cronies. The best idea for entrepreneurs may be to stay put or to move to a country still open to trade — or, ideally, to a country unilaterally open to trade if such countries exist.” (04/06/25)
https://www.econlib.org/the-ugliness-of-the-great-protectionist-state/