Is Gavin Kennedy about?
Brown won\’t be able to rely on Adam Smith for intellectual support of unrestricted free trade. His townsman, faced with Chinese currency manipulation and artificial barriers to imports imposed by Japan, would say "There may be good policy in retaliations" if they force changes in the policy of trading partners.
"The recovery of a great foreign market will generally more than compensate the transitory inconveniency of paying dearer during a short time for such [imported] goods."
Did Smith really say that it could be a good idea to raise tariffs in order to get another to drop theirs?
Even if he did I suspect the advice is countered by the later writings of Ricardo, but it would be interesting to know the context in which Smith said this.