Quote:
Originally Posted by RizzyKing
I'm sure a bit of protectionism at times like this isn't going to bring down the world and a lot of countries are talking in terms of protectionism so why not us.
|
For several reasons, two immediately spring to mind:
1. Because it can turn round and bite you on the bum. If you slap trade tariffs on imports from a certain country, then you can expect retaliatory tariffs on your exports to that country.
2. Because within the EU it's illegal. People often complain that they voted for the Common Market, not the wide-ranging European Union we now have. If that's the case, then surely the one thing all but the most hardened Euro-separatists must agree on is that the principles of a common market should be upheld in bad times as well as good?