Part 2/8:
The core of the debate revolves around the effectiveness and consequences of tariffs. Notably, if tariffs are as destructive as many critics claim, it raises an important question: how is it that countries with prohibitive tariffs, such as China, Vietnam, and Mexico, have seen significant economic growth? India too has emerged as a burgeoning economic player despite its high tariffs on American goods. The strange dichotomy emerges: while U.S. impositions are labeled as harmful, many other nations appear to thrive under the weight of their own tariffs.