Wait, what is the effect of that?

What is the goal or intention

to popularise free trade in both educational institutions (like colleges) and in the public eye

the name even sounds great right

"why would you be against FREE trade?"

are you anti FREEDOM???

the koch bros import and export a bunch of products

so they want trade barriers to be lower so that more people buy their stuff, and they can sell more of their stuff

also theyre ideological libertarians

who believe we should do literally whatever we want without much, if any, government interference

and that includes economic decisions

Free trade is good to an extent though right? Just in a well regulated example

In moderation basically

free trade for industries you have no interest in protecting is good

or you simply want cheaper prices for other reasons

like steel say

steel is an input in dozens of other industries

so if you increase the price of steel with tariffs, you increase the costs of production for all those other industries

obviously this isnt good

but say you have a phone company in america and one in china

phones arent an input into anything else

so you raise the price of phone imports, but dont affect any other industry's production costs

in the short term you may affect demand of the companies who *sell to the foriegn phone companies*, but this will be swept up by your local phone manufacturer who has *increased demand* because they offer cheaper phones than china now

Very intriguing. So its greed essentially, to promote free trade and avoid the tariffs at the global economies languishment for your own personal gain.

yea

hmmmm

the main reason for free trade is your industries dont have competition anywhere in the world, so you dont need to protect your industries

<@&508200811625447449> can you guys get this pokemon bot out of this chat por favor?

and that was the case for a long time with america actually

but now china is competing

and europe is fully rebuilt

Haven't you heard? We have no power besides mute

So if we were worried about 5G in China and the security risk it proposes, then can we impose tariffs to make it difficult for them to produce that technology?

(although shitty cuz of dumb economic system)

Okay you have power to tell someone who has power. @Darman

well yea you could mandate that america must use local companies for 5g products

but china will still sell to europe

its more that you're doing a good thing for local business

rather than "taking china out"

Mmmmmm. They are already partnering with Europe too to set up 5G towers at a reduced price.