Buyer, absolutely. We need to improve our trade imbalances, too.
Look, American oil might be the biggest bargain anywhere. Don’t change it too much, but right now, we’re not getting anything for it... OK, I do not know if we already have a tariff...
But obviously, if they’re flocking to our shores to buy the stuff, raising the tariff and earmarking it for debt reduction still helps us in many ways. Lower debt, more stability. More stability, more the dollars is valued. More the dollar is valued, our own money goes farther. Lower debt also means lower taxes. Lower taxes means we can afford higher gas prices.
I don’t understand why Fritz Oilbuyer in Germany would pay for US oil at world price + a tariff when he can get oil from Iraq or Saudi Arabia at the world price.