Andrew Heaton
๐ค SpeakerAppearances Over Time
Podcast Appearances
So let me grab aโ He's doing a 10% tariff for 150 days as authorized by the 1975 NEA Act that preceded AIPA.
If I have to pick one of those two, I think comparative advantage is a thing.
I think trade is good.
The best argument that I've heard in terms of the Trump tariffs is that
There are situations where we need to use leverage to compel other countries to do โ quit doing bad things.
And it would be better to use tariffs than to do military intervention.
Completely disagree with tariffs as a means of military โ Oh, no.
Like as a way of avoiding military stuff, right?
This is the best argument I've heard is that like China is doing โ
They've got a predatory IP system.
Other countries have tariffs.
We could use punitive tariffs to try to lower it.
So if you're using tariffs as a temporary leverage to try to get a policy goal, that makes sense to me.
The idea that we have a kind of zero-sum fixed amount of wealth and that if we are buying things from other countries, they're extracting wealth, I don't think that that's sound.
Is your argument graph go up?
My argument graph?
What do you mean?
I would say my argument is that comparative advantage is real.
If we've actually got a supply line that's got slavery in it, I'd be fine with abolishing that.