Article is complete nonsense replete with the usual straw man arguments.
I bought a storm door the other day and it had an American flag on it and displayed a “Made in America” notice. Or as Paul Harvey use to say, “Made in America by Americans.” So the job and the money stayed in the United States, to the chagrin of this writer.
The writer does not bother to explain why, if tariffs are so detrimental to a nation’s economy, that other nations, such as China and Japan, do not get rid of theirs. These people NEVER explain that. For some reason, the United
States alone produces economists and politicians who think tariffs are evil.
So I guess it is up to me to explain it. Tariffs, intelligently applied, protect industries that provide employment. People working create a positive economic cycle.
Remember the reasoning of Henry Ford to raise wages. It was so people could afford to buy his cars.
It is not just those countries. I know that the EU uses their VAT as sort of a tariff. Goods exported outside of the EU are not assessed VAT and everything being imported is assessed the VAT at the rate of the country importing it. That makes American goods cost 15-27% more while their goods come to the US costing 15-27% less than a consumer pays for them in their country of origin. How is that not a tariff and how would it be unfair to charge those countries a tariff equal to their VAT rate on their goods we import?