“A Tariff is just a tax on the consumer.”
..but only on goods from China, who would use the profits to build their military power against us and our allies.
In many cases, American producers (and those in other countries), will compete with each other on price to capture the market from the Chinese manufacturers, below the level of the tariff.
So some of the effect is consumers paying more, but some of the effect is consumers substituting suppliers. Some prices go up, but also our industry grows (providing more jobs, higher wages, more tax revenue, and growing a whole supply chain for new capacity added).
Thank you. It’s too hard to explain it all on a handheld device