Having the government selecting winners and losers among different industries is evil.
If demand decreases for a manufactured good due to a tariff then the number of workers need to produce these tariffed products decreases. So yes it hurts the working man, the working man of a FOREIGN COUNTRY. It has no effect on Americans.
There is one difference. If the government supports *patriotic* companies over *non-patriotic* companies, it is acceptable.
This means companies that have American employees, pay American taxes, and use American raw materials as *part* of their selling in the American market, are worth supporting.
Multinational corporations, that do not support America in any way, try to change American law to support internationalism at the expense of the American people, strongly advocate amnesty for illegal aliens to get themselves the cheapest possible labor; otherwise outsource for cheap labor, undercut American businesses by market manipulation, and sell restricted products to belligerent dictators and America’s enemies; and finally, support foreign government’s efforts to suppress human rights and liberties. Screw these companies.
The one thing America has that they want is unlimited access to our markets. Other than that, as far as they are concerned, America can go to hell.
This doesn’t mean that government should raise their taxes. They don’t pay taxes of any kind now, so zero times whatever is still zero.
What needs to be done is to tell them that they *cannot* sell in America’s markets unless they support America in many ways. Think of it as a trade embargo.
Yeah, the US has signed free trade treaties. These same nasty corporations pushed hard for that. But treaties can be rewritten or abrogated.