The point of the legislation in question isn't to make money for fantasyland, but to limit the damage caused by fantasyland's one-sided trade policies to areas traditionally dependent on the industries in question.
Probably the best thing to do would be to repeal all the existingde facto subsidies for other countries industries "free trade" acts and replace them with, you know, actual free trade agreements, but I don't think that's likely here.
I understand the intent. But I'm studying trade policy right now (my exam is next week) and what I'm saying is that you can get the exact same protection for those areas through a tariff, but at much greater benefit to your country.
But I sort of forget what you did to Atlasia during these past years. Is it still like the US or did you have your wish and turned it into a small country of no world significance? Because in the latter case the choice between tariff and subsidy becomes less important, but the gains from free trade becomes higher.