Comment Re:Higher Costs (Score 1) 98
You main argument around stifling innovation and efficiency makes great logical sense, however it is actually bunk for the vast majority of international trade. If you’re referring to cutting edge manufactured goods (say laptops or cars) each product is unique and competition is more on capability than cost (in the sense any company so large has done all the normal MBA things to minimize costs - they want a better product). Mom and pop shops that needs efficiency and innovation rarely trade internationally. Finally, a massive amount of trade is in basic materials and components. There’s little efficiency or innovation to be gained from ones domestic aluminum industriesthe countries that import it for cheaper usually do so by paying lower wages and having no environmental controls.