• stoicEuropean@lemmy.ml
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    5 days ago

    I’m not an expert on tariffs, and I am also not a big fan of them. Our economy is deeply intertwined with other economies, so tariffing will immediately raise production costs, leading to higher prices and less competitive exports. As a policy maker, I would be afraid that such a move would be the nail in the coffin for our economy.

    Furthermore, being part of the EU single market means trade policy is largely set on EU level.