There is free trade and free markets inside the USA for Americans to trade and do business with each other. Supply and demand works just fine INSIDE the USA. Like our founders envisioned. Globalists like you were hung back then. And rightly so.
Cutting our international trade hurts our economy in many ways, not the least of which is a restriction on the Division of Labor leading to higher costs because too little is produced.
The USA can and should be self sufficient in all things except tropical fruit and petroleum. There is abundance galore here in everything from human capital to natural resources. There is no need for any foreign commerce at all except in very few circumstances. And no that doesn’t make one an isolationist either. Just because I don’t want import crap doesn’t mean isolationism.
The Export Multiplier is positive. Tariffs do not stand alone or get passed without retaliation. It is a pissing match between skunks.
I’ve explained to you dozens of times that our exports face an average trade tariff of 8% while we charge less than 1% tariff. We are already being retaliated against. So when will you comprehend that?
Your ideas of the costs and benefits of tariffs are ass-backward and would require the disappearance of the laws of economic life.
Bull. My idea would strengthen the USA both economically and strategically in case of general war.
You can be a patriot or a globalist but not both. You'd be wise to heed those worlds.
You idea that the Founders were some type of Fascist shows a historical ignorance equal to your economic reasoning power.
As a matter of fact, those from the South were opposed to tariffs because of its unequal impacts.
What works within the US works just as well in international trade. Taking advantage of the international Division of Labor makes this nation wealthier and others as well.
Artificially raising prices domestically is no way to create wealth. Reductions in productivity do not increase wealth overall. Self sufficiency is impossible without a collapse of international economy and a huge recession/depression. Resources placed in unproductive (relatively) activities reduce national wealth.
Far better for your purposes would be a subsidy program not a tariff. The damage is much less, though it is still there because it comes from federal involvement in the economy almost always a bad idea.
It is obvious that you are out there on a limb since you refuse to tell us WHO supports your ideas. What books or theory supports you? Outside of anecdote where do your ideas come from?
You need to study the history of the Depression to see the result of ever higher tariffs, it was a race to the bottom.
Do you understand the implications of the Division of Labor on the economic process? Even a little?
Or Marginal Cost of Production?
BTW taking advantage of the DoL is not because of arbitrage.
Arbitrage is the situation where prices differ in different markets for the same commodity and never last long. There is no moving of labor from market to market as is the case for foreign exchange markets. Labor does not flow to markets to adjust the difference in wages as would be the case in true arbitrage.