“Great, slap on import tariffs. Suddenly the price of everything goes up 100%.”
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Correction: suddenly the price of everything imported goes up 100%.
Works for me. That incents making things right here in America. No government meddling needed.
Just market forces.
No, it doesn’t.
See my other post. Even if you were correct, we would NOT be able to make those goods here due to EPA regulations.
Case in point is Glock, who does make firearms in the US. The Tenifer finish on their pistols is not especially dangerous or hazardous to apply and it’s non-toxic after it’s on - but they cannot apply it here because it is banned by the EPA. Their slides are brought in from Austria, where the finish is applied.
So, let’s say your tariffs come in. Glock (and others) needing this type finish on their products will still have to get their stuff imported because it will still be illegal.
All you have done is made everything more expensive without adding jobs, factories, or benefit to the economy.