Right, but the tariffs are needed now to get the pump primed.
What exactly does that mean?
So lets hypothesize I’m a small business owner and I purchase my material in China and take the import and sell in America. Trump decides to slap a tarriff on this import which in turn then impacts my costs and who I have employed. In turn if I’m running on small margins I’ll go to the least common denominator and start laying off.
OR I’ll find a different overseas supplier of the product who hasn’t had a tariff slapped on. This is a global market and as a small business owner will find a means to procure the cheapest route available.
So either it’s loss of more jobs through tariff or I find it elsewhere on the market. What exactly is the purpose of a tarrif (penalty) again?