The real question is what do we do to replace tariffs as a policy tool when free trade is still weak or actually suppressed? I return to my central argument that it is critical that fiat credit expansion occurs with the bottom third of society first. Put another way, a mega power plant with few consumers is a white elephant while a million small funded businesses create financial demand and the power plant gets built to provide efficiency.
Government has typically held onto this capacity and this natural greed leads to citizen resistance and tax avoidance. Greek is merely a worst case example.
Free trade works for financed traders. For everyone else it is meaningless. Complaining about German advantage is an error. The problem is policy or the failure of policy and the lack of policy that encourages individual wealth creation.