True, but what's the goal? A protective tariff is used to cause the import's price to be higher than the domestic item's price so that people will buy products made in their own country.
A revenue tariff is an excise used to raise revenue only. The products taxed would be chosen to generate the most revenue with the least harm.
of course, these can be combined. But a protectived tariff is generally much higher, such as the 100 percent tariff that Reagan put on Japanese motorcycles to protect Harley Davidson.
When was it, 1984 we signed the Nafta? I've never looked back since, and I don't intend to.
Lowered dollar is good for us, You'll see. Canadians were awfull ticked when their dollar fell too, but look at them whine now that its on the rise.
The decrease dollar gives us a good kick in the export sector.
Again, communism sucks, and thats the slope you are on if you think tariffs to force you to "buy American" are good.
Russia does that. What color Lada do you want, red white, or blue?