When politicians support policies such as imposing punitive tariffs on imports, which are popular among voters but which also reduce economic efficiency, we refer to this as:

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When politicians support policies that are popular among voters but reduce economic efficiency, it is known as voter failure. This happens when voters are not knowledgeable about the complexities of economics and vote for policies that may seem beneficial in the short term but can have negative long-term effects on the economy. Punitive tariffs on imports, for example, may protect some domestic industries and create jobs in the short term but can lead to higher prices for consumers and retaliation from other countries, resulting in long-term economic harm.

When Politicians Support Policies Such as Imposing Punitive Tariffs on Imports