It seems like half the tariff advocates on FR don't understand this simple point. Tariffs are paid by US business owners. Raising them negatively impacts US business owners and their US employees, not foreign governments.
Yes. And they also believe that Americans will step in to produce the tariffed items. But a bad investment climate such as we have now will still be a bad investment climate.
To wit, the tariff on Chinese tires. It's cost American consumers some $8 billion dollars and created about 1200 jobs in American tire plants.
Raise revenue through tariffs if you want, just understand what they will and won't do.
I think that is the point isn't it?