2. Quick and easy reaction to other nation's tariffs, which we saw this year when Trump announced all his tariffs.
3. Targeted at specific industries to influence politics in other nations. IIRC, the EU is actually doing this to the US, specific states that have a lot of support for Trump, in the hope those voters will make the connection and get Trump to back off.
4. Targeted at specific industries to protect domestic industries from being undermined. The USA has accused China of this in various cases, any "anti-dumping tariffs" would be perfectly reasonable where this happens. China was accused of trying basically the same thing Uber was accused of, spending (VC|tax) money to corner the market then raising prices when all the old (taxi drivers|PV makers) were gone.
5. Sin taxes. Singapore doesn't have their own car industry to protect, they make it really difficult to get a car just because they don't want lots of cars. I mean, it's more of a registration fee, but the effect there is much the same given the lack of local industry.
1. Making the same mistake as Trump et al.
2. Quick and easy reaction to other nation's tariffs, which we saw this year when Trump announced all his tariffs.
3. Targeted at specific industries to influence politics in other nations. IIRC, the EU is actually doing this to the US, specific states that have a lot of support for Trump, in the hope those voters will make the connection and get Trump to back off.
4. Targeted at specific industries to protect domestic industries from being undermined. The USA has accused China of this in various cases, any "anti-dumping tariffs" would be perfectly reasonable where this happens. China was accused of trying basically the same thing Uber was accused of, spending (VC|tax) money to corner the market then raising prices when all the old (taxi drivers|PV makers) were gone.
5. Sin taxes. Singapore doesn't have their own car industry to protect, they make it really difficult to get a car just because they don't want lots of cars. I mean, it's more of a registration fee, but the effect there is much the same given the lack of local industry.