“That $79 pair of work boots will be more like $129. And they’ll be alongside a pair made in USA for $139.”
That isn’t how it works. US companies take advantage of the new higher prices and raise theirs up to the same percentage ratio it was before.
Real world example was when Obama put a tariff on Chinese tires because of the steel workers union. Immediately US, companies jacked their prices up also without any increases in their costs. They took advantage of the situation to price gouge.
Fact... I was a tire wholesaler distributorship at the time. THAT is how it really works. So those US boots will cost $189 not $139.
That's a good thing because it creates fertile ground for more DOMESTIC production/competition with such a huge built in profit margin.