• adjectivenoun@lemmy.world
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    1 day ago

    I want the latter, and tariffs are not the only way go about protectionism. There is also subsidization, which is how the US has maintained its defense and agriculture industries. If we want stuff made domestically, we’re going to have to pay for it. Subsidies are generally preferable to tariffs because they can be paid through progressive taxation instead of regressive taxes on consumers.