Tariffs also repress economic activity. That is what I am saying: you do not recognize any negative economic impacts of tariffs.
Look at our railroad building in the 1800s, it was much more expensive and took longer because of tariff on Iron. It clearly benefited the iron industry but it hurt many others.
A tariff is a political tool and a disguised tax on all who are not the specific beneficiaries of the protection.
Trump has made it clear that a tariff is a step along the road to real free trade, it is not an end in itself because of it’s economic benefits. It is a POLITICAL tool which can be used to bludgeon other nations towards free trade.
That is rich. You won't recognize one benefits of tariffs which are many.
It clearly benefited the iron industry but it hurt many others.
It also benefited the small business and families that the steel industry supported. It also keeps the technology inside the USA. It's how you GROW an economy. THINK LONG TERM YOU RETARD.