Reply To: Tariffs – When they are unbalanced

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#18681
jmherbener
Moderator

You’re correct. Unilateral free trade policy is beneficial to society-at-large. It allows the division of labor more room to develop naturally. Both production processes and capital investment become more efficient.

https://mises.org/blog/free-trade-benefits-vs-fears-foreign-goods

Even if the Chinese just held dollar currency permanently, this would transfer command over goods to those of us who do not hold cash but continued to spend it.