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Supply-Siders Battle Their Tariff Critics

The article from Forbes, published on January 11, 2025, discusses the ongoing debate within economic circles regarding tariffs, focusing on the perspectives of supply-side economists. It highlights how supply-siders, traditionally advocates for free trade, are now defending tariffs as a means to protect domestic industries and address trade imbalances. Critics argue that tariffs lead to higher prices for consumers, inefficiencies, and potential trade wars. However, supply-side proponents counter that strategic tariffs can be used to negotiate better trade deals, protect nascent industries, and counteract unfair trade practices by other nations. The piece delves into historical examples where tariffs were used effectively, like in the 19th century U.S., and contrasts these with modern economic theories that favor open markets. The debate encapsulates broader discussions on economic nationalism versus globalism, with implications for policy-making in an increasingly protectionist global environment.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/briandomitrovic/2025/01/11/supply-siders-battle-their-tariff-critics/ ]