Probably, but it will also tax foreigners looking to sell into our market and give an advantage to American companies, restoring our industries and putting our people back to work.
As people go back to work, the government gets a windfall of income taxes, which they need to lower the debt. People earning are now paying taxes instead of drawing benefits. Another savings. And their after tax earnings get spent back into the American economy.
There an incredible amount of winning with a tariff. THey worked great for our country for 180 years. We were stupid to abandon them.
How does raising taxes put people back to work?