A tariff is a tax but not a tax on the exporter but the consumer.
Tariffs cost jobs they don’t save them.
This is strictly a retaliatory tariff. It is a political decision one which cannot be defended from a good economics point of view.
It is a tax and its defenders should understand that.
Agreed. See Bush’s 2002/3 Steel tariff..............
Tariffs are a penalty, just as taxes are.
Tariffs help migrate the consumer from a decision to buy Chinese to a decision to buy American.
Tariffs can indeed create massive numbers of jobs. This country was built, through all its formidable years, on a federal tariff that funded as much as 95% of the entire federal budget.
Get your facts straight, SOB.
Tariffs cost jobs they don’t save them.”
You can seriously say that after China's recent meteoric rise based on tariffs and subsidies to capture our industries? Really?
Looking at our own country, how in the hell did an former British colony with an agrarian economy that fought a revolution for the right to have their own manufacturing, that imposed tariffs for most of its history become the world's greatest manufacturing powerhouse and a superpower?
Just because you say it over and over doesn't make it true. Ten to one you voted for Low Energy Jeb.
https://en.m.wikipedia.org/wiki/Tariffs_in_United_States_history
“It is a tax and its defenders should understand that.”
...And you understand the issues better than Trump? I think not...
Damn those Founding Fathers. What the hell were they thinking, when they set it up so our nation would be funded by tariffs? /s
Not buying what you’re selling.
Yes, but a tariff ends up being a consumption-based tax to the consumer, which is infinitely preferable to an income-based tax, for numerous reasons already known by most FReepers.
If the federal government is going to raise revenues at all, resorting to consumption and import taxes is a much "fairer" way to do it—and it also has the advantage of being inherently less Tyrannical.
It is the "progressive income tax" which is a Tyrannical abomination—amounting to proportional slavery for American workers and businesses—and invariably infringes on Individuals' Fourth and Fifth Amendment Rights, at a bare minimum.
Not surprisingly, the progressive income tax—and inheritance taxes as well—are core tenets of Communism, listed as central platform planks in the Communist Manifesto. The Sixteenth Amendment—if it was ever even properly ratified—should be repealed forthwith (along with the Seventeenth Amendment as well, while we're at it)...