“The best and easiest way to do that is raise import tariffs and put Americans back to work.”
Raising prices to consumers will not do a thing to increase jobs in America
But raising tariffs will. Initially the foreign firms will try to absorb the cost, reducing their profits and giving our government an added revenue stream. One that the founding fathers approved of. The reason they will absorb it, is that you always price what the market will bear. If Foreign firms could have raised their prices without incurring competition they already would have.
If they can't successfully absorb the tariff, then the foreign firms will raise prices to our consumers. But that will open the door for American firms to start up and compete against them. That will put Americans back to work.
But raising tariffs will. Initially the foreign firms will try to absorb the cost, reducing their profits and giving our government an added revenue stream. One that the founding fathers approved of. The reason they will absorb it, is that you always price what the market will bear. If Foreign firms could have raised their prices without incurring competition they already would have.
If they can't successfully absorb the tariff, then the foreign firms will raise prices to our consumers. But that will open the door for American firms to start up and compete against them. That will put Americans back to work.