[D-fendr]

Tariffs raise the costs of your equipment/materials and thus making you raise your product or service prices making it harder for you to compete.

[CowboyJay]

"Tariffs raise the costs of your equipment/materials and thus making you raise your product or service prices making it harder for you to compete."

That's the line from the laissez faire absolutists, but that's not real life. What actually happens in practice is that domestic firms get a boost from having protection in their home market. They use that to benefit not only from economy-of-scale, but when their margins are healthy on domestic sales, they have some leeway to more competitively price sales for export.

Tariffs should not be applied to raw materials. Only goods.