Thats why this article peaked my interest. I believe the liberals/communist will use this against Mr. Trump regardless of its merit.
One thing I do agree with this article is that if the tariff goes to 45 percent there will be an increase in the cost of living.
Question One. How much?
Question two. So what prices go up because its worth it in other areas, like increase factories in the USA therefore jobs???
Regarding your question #1,
The increase in the cost of living will reflect the cost of regulation in the US, which presently is not borne by the US consumer, who can buy goods from China that have no labor laws or environmental regulations that are not part of the cost of production. The proper response is “can we afford these regulations”, not “can we afford this tariff”.
Regarding Question Two:
There will be tremendous political pressure to NOT remove trade barriers, in the event that trade becomes bilaterally free. No question that the basis for cost of manufactured goods must include the cost of regulation, whether goods are imported or not. The proper response is “is the regulation worth it”.