Remember the auto import quotas of the '70s? American manufacturers responded by raising prices and cutting quality. Worst cars ever built. Nothing before or after as bad.
Raise the price on Chinese appliances 45% and the result will be that locally-made appliances will go up 44%.
Tariffs used to be the only money supply of the Federal Government. Was this evenly assessed across the board? If so, a burden of course, but also not an unfair subsidy to anybody unless it was America in general.
And this is not a single variable problem. I’d rather get a job from even a crony than from nobody at all.
That is the point, that is a good thing. With a built in profit margin domestic competition will spring up driving prices to return to "normal" lower levels. That is how it works. In the meantime the tariff brings in non income tax revenue which reduces the burden on the tax payers. It is like a Vietnamese Law firm - win-win.(Nguyen-Nguyen)
I remember. America made really great cars up to 1972, then the oil crises hit and Japan got lucky because they had a small vehicles that were needed at the time. Pure luck. Amercan engineers were dumb founded and made same really crappy cars for a while but then they caught up . Thank God for embargoes and tariffs they saved the US auto industry. Hurray for protectionism! Hurray for America!