Of course they increase the price of goods - that's the whole point!!!
> is like fighting your neighbor who's dog keeps peeing in your yard by lighting your own couch on fire.
it's more like buying your own dog to pee in your yard, and keep out the neighbor's
What is missing from the convo is where the tarriffs go - they go to fund the federal gov't, which spends on Goods and Services for the American People (you hope).
What you would want to see is a reduction on income taxes concomitant with the increased tarriff revenue. US Gov gets the same amount of money, US consumers pay the same in taxes + tarriffs, but American industries get protection from overseas competition, strengthening key sectors of the US economy.
Generally, protective trade policies weaken rather than strengthen competitiveness in industrialized nations.
I guess you could argue that we’re so far behind in some sector like manufacturing that we need developing-nation-like trade barriers to nurture embryonic growth, but a look at real numbers would, I think, demonstrate that’s rubbish.
> is like fighting your neighbor who's dog keeps peeing in your yard by lighting your own couch on fire.
it's more like buying your own dog to pee in your yard, and keep out the neighbor's
What is missing from the convo is where the tarriffs go - they go to fund the federal gov't, which spends on Goods and Services for the American People (you hope).
What you would want to see is a reduction on income taxes concomitant with the increased tarriff revenue. US Gov gets the same amount of money, US consumers pay the same in taxes + tarriffs, but American industries get protection from overseas competition, strengthening key sectors of the US economy.