Part 9/9:
A Call for Targeted Economic Strategies
For tariffs to function effectively in bolstering the domestic economy, they must be selectively applied with a clear objective, such as developing specific industries in tandem with supporting workforce growth and educational initiatives. Absent a coherent strategy, reliance on blanket tariffs risks stagnation and further economic disparity.
In conclusion, while tariffs can serve as a protective measure for emerging industries, their efficacy depends greatly on the broader economic context and accompanying support frameworks. Without careful and thoughtful application of such policies, there may be more harm than good, particularly for vulnerable populations unable to withstand the pressures of rising costs and broad economic instability.