[Pearls Before Swine]

Well, explain it to me.

As I understand it, tariffs help domestic producers of goods by raising the price inside the country. So, some of the strictly domestic companies would be helped. But those are the small ones.

But if a US company is global, with production going all over the world, and can’t compete with temporarily low prices from Saudi Arabia and Russia, who have low production costs, how will domestic tariffs help that company?

[central_va]

The tariff will help the domestic production/exploration of oil. Exploration/production can continue at the tariff price. As an American I am willing to pay a few pennies more on the dollar at the pump to keep this vital industry humming along.

In addition the tariff will help balance the Federal budget and lower the trade deficit. Tariffs are WIN - WIN - WIN.