What you said makes no sense. You are completely ignorant. Tariffs are on IMPORTS. So once again for possible cranial penetration; the duty only applies to imports that you buy. Don't buy, don't pay.
Only if imports were some static thing that didn’t change. Since we know that every tax is a disincentive, then tarriffs are a disincentive on imports. So if you increase tarriffs on imports by 20% across the board, you can also expect a significant drop in imports, and so tariff revenues would be lower than what you are predicting as well.
Yes that is GOOD thing!!! The increase in prices for those imports will increase the demand for domestic suppliers!!! Tariffs increase domestic employment, raise revenue and protect vital industries it's a WIN - WIN - WIN!!!
“Tariffs are on IMPORTS.”
Durrr. I myself reference that several times in my comment, but I guess you have some reading comprehension issues.
“So once again for possible cranial penetration; the duty only applies to imports that you buy. Don’t buy, don’t pay.”
Are you really that dense? Or do you just not realize that manufacturing in the US has been completely gutted over the last few decades? Where are you going to buy a domestically manufactured smartphone so you don’t have to pay the tariff? They do not exist. There are whole categories of goods like that for which the prices will just instantly go up 20%, to be paid by the consumer.
“Yes that is GOOD thing!!!”
Not if your goal is to make revenue to pay down the debt. Reduced imports = reduced tariff collections = shortfall in your projected revenue = your plan doesn’t work.