High import tariffs served our country well for 180 years. We lowered them in the 1060’s and we’ve been losing industries to overseas ever since.
Our imports dwarf our exports. China only buys 1/4th of what we buy from them, and they use the excess funds to buy our companies and ship them overseas.
Trump is right. He will bring an end to the off-shoring. He will bring jobs back to America. And that will fix most of the government budget problems. Government revenues will soar from people going back to work. We have over 100 million Americans on food assistance. Government outlays will fall when people go back to work. So Government brings in more and spends less. That’s the way to balance the budget. That’s how you pay for Social Security and Medicare without raising taxes.
With the tariff income, Trump can lower corporate and individual income taxes making the tariff tax neutral to the U.S. consumer. But it will make a big difference to U.S. industries.
you are just wrong........ it is not 1780