I can't agree with you there. Tariffs raise prices on American consumers -- they are just another tax. And, contrary to popular opinion, they will do nothing to spur domestic production as long as the current tax, regulatory, and monetary (inflation) policies are in place.
And if we fix the taxes, regulations, and inflation, then we don't need to impose tariffs. The U.S. would be a profitable place to do business. Much better to create an environment where people want to invest than to use the corrupting influence of government to try and hammer them to invest.
Don't forget, too, that imposing import tariffs would have a seriously negative effect (perhaps, disastrous) on our exporting industries.
Tariffs are just another way to let the incompetents in government direct our economic livelihoods. There is no reason to believe they would be wiser at that than at any other of the interferences they impose on us.
“Don’t forget, too, that imposing import tariffs would have a seriously negative effect (perhaps, disastrous) on our exporting industries.”
I didn’t know we still had exporting industries except for those that are the lowest on the economic ladder of value - raw materials. Third world emerging market countries export raw materials because that is the only export that they can offer, but not for first world countries that can add value.
We as a 1st world nation should demand that we be producing everything we use, and the resulting jobs and economic boost would well cover the the lower costs of Made in China. The latter is a rush to the bottom and profits only for the financiers and the few.