Adam Smith
1723–1790, Scotland (the Scottish Enlightenment: Kirkcaldy, Glasgow, Edinburgh)
A Tariff War Among Friends Is Still a War on Their Poor
Fifty‑percent duties between neighbouring allies punish consumers, shrink the market that enriches them, and reward the loudest interests at the quiet multitude’s expense.
Let us begin, not with constitutions or flags, but with a tongue depressor. Yesterday it crossed a river between two long‑allied nations as a simple article of commerce; to‑day it is loaded with a fifty‑per‑cent duty. The same fate now attends hockey sticks, cement, honey, perfumes, furniture, cameras, even the little metal ornaments that decorate your shelves. One government has reached back to a law of the great depression to tax roughly twenty billions of its neighbour’s goods; the other has vowed to answer, “dollar for dollar”, on steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. Statesmen speak of defending workers and restoring balance. The invoice that follows will be sent, in silence, to their consumers.
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