I've always said that it comes down to this one very simple point:
1. Ask yourself how much you are willing to pay for [X] (whatever that may be: a car, a haircut, an iPhone, etc.).
2. Ask yourself how much you would want to get paid to produce that same [X].
The difference between these two numbers -- and it is probably very large, if you're really honest in your assessment -- explains why advanced countries with a very high standard of living usually import a lot of things from Third World countries.
You are making the tariff black and white and suggesting it exists or doesn’t. I would put tariffs on car transmissions, abs breaking systems, etc. Implement the tariff over a few years because businesses have made plans.
Let me ask you this. If the yuan has no value why are we trading with them in the first place?
If you agree it must have some value, what is your solution to currency manipulation? You can’t just do nothing.
And you are isolating the problem. How much are you willing to pay for people who cannot find a decent job? Don’t you think we’ve had enough of Obamacare and Medicaid expansion? Would it not be more cost effective to have people working those jobs? Tariffs will help that. It isn’t a silver bullet. We should also lower the number of immigrants coming here to work until we get our own economic and fiscal house in order.
The latest cost differential between manufacturing in the USA vs China is 4%. So another Free Traitor lie exposed.