I am a supporter of tariffs in principle, but I believe this is verifiably false.
Can you think of a single U.S.-made product or service that has gotten less expensive over time?
If anything, it’s the exact opposite — where the highest price inflation rates can be found in sectors with little or no foreign competition.
The US has exported these items that have been made cheaper.
All of our cars and computers and such left made here are basically going up. We have energy, taxes, regulations (pollution, etc.), and much more layered on top of us. We have to eliminate these and charge other countries for their missing costs that we have to bear. When we change this, we will have more competition in our country occur, as we did under computer companies and car companies.
“Can you think of a single U.S.-made product or service that has gotten less expensive over time?”
That’s because of so many years of printing money faster than the corresponding increase in the value of the economy (goods and services). The FED doesn’t aim at 0% inflation, they aim at 2%. The law of supply and demand applies here too. Inflation would be more accurately described as a decrease in the value of our money, because of increasing the money supply when the value of the economy hasn’t demanded it.