💥 Shocking developments in trade policy! Economist Steve Hanke warns that U.S. tariffs aren't just denting our wallets—they might also be sparking corruption. 💸
Hanke explains that trade protectionism can create an environment where politicians become increasingly reliant on lobbyists to secure tariff exemptions. This dependency can blur the lines of integrity and accountability, leading to a system ripe for corrupt practices.
As tariffs continue to shape the global economy, understanding their broader implications is crucial for young professionals, entrepreneurs, and anyone invested in the future of international trade. Stay informed and engage in the conversation about how policies like these impact our world.
Reference(s):
cgtn.com
