Tariffs create incentives for American companies to KEEP American goods to be manufactured out of the country. This creates JOBS for the American people.
The cost of the goods doesn’t change because if the companies OUTSIDE the US have to pay the tariff fee, they are just as well off to build the product here.
The increase you speak of is NOT on a company that manufactures the goods in the US, only on those who left.
Right. Because domestic producers would never raise their prices when the prices of their foreign competitors get increased. Economic reality doesn't change because you don't understand economics. You want to raise taxes and increase government control of the economy, at the expense of the middle class, to protect jobs in industries that manage to influence federal government bureaucrats. Remind me of this thread the next time you complain about corruption in government or crony capitalism.
“The cost of the goods doesn’t change because if the companies OUTSIDE the US have to pay the tariff fee, they are just as well off to build the product here.”
BS. The only way tariffs would work in keeping high wage jobs within the US would be if the tariffs were sufficiently high enough to increase the price of goods made outside the US to where they would cost more than the price of goods made in the US.
Of course, then the unions use the high prices of overseas goods to justify more wage increases. Then we would have to raise the tariffs again. Then the wages again. Rinse, repeat.
PJB’s solution is nothing less than the theft of the hard earned income of the average american.