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Adam Smith's argument for a "strategic trade policy" contrasts with that of Milton Friedman, himself a great admirer of Smith, who advocated for the elimination of all tariffs and subsidies even when trading partner nations might not follow the same policy. Friedman argued that even though the elimination of trade barriers on both sides would be the best possible arrangement, having our nation drop barriers is always better than enacting them in response to a similar barrier by our trading partner. The argument goes that those most damaged by the barriers will be those in the nations imposing them and that it would ultimately be the people in that country who would try to eliminate them when they realize how it damages them. What would be your thoughts on that?