00:01
Hello, so today i'm going to answer question about tariff and specific application with some trading.
00:08
So why the individuals believe that imposing tariffs is good? so for example, for the junk industries, piquetti argue that it's good that this kind of industries have tariffs as they are not able to compete in right now with the international market.
00:24
But with tariff, the economy, the goods that are getting inside the new economy will be more expensive.
00:31
So they could start competing until they become more competitive.
00:36
So in this case, the industries could use the tariff if the government decides to give them to improve their process.
00:41
And at one point it could be removed as now the industry, it's competitive international market.
00:48
But if there are not existing of tariffs, there is no way that industries that are just starting will be able to compete with economies that have already long -dlasting industries...