“An infant industry is a term used in economics to describe an industry that is in its early stages of development. In other words, an infant industry is a newly established industry. Therefore, infant industries lack the experience and size to compete effectively against established competitors abroad”
When I was taking Economic classes in the 1970’s this was the one exception to the rule about tariffs. I would argue that this only makes sense for example when the infant industry is only supplying its domestic market but when it begins to export the importing country should apply the equivalent tariff on it! Otherwise you have an unfair playing field to the complete advantage of the developing country which we saw in China!
And that is all I’m going to say about that!
Drain the Cesspool 