More clarification, a tariff only affects the price of imported goods, America is still self sufficient in many ares of manufacturing. For example if the USA is self sufficient in "blue widgets" then the tariff would not cause the consumer to pay more for "blue widgets". The domestic producers would have an advantage with tariffs and eventually prices would stabilize at a point slightly higher than during the era of Free Trade. This difference would represent the cost of labor which is higher in the USA than Asia.
Manufactured product prices would go marginally higher with US labor but the real the question is how much higher and what are to political and social trade offs. Union labor is the highest cost, for example 8% of the retail price of a union built car covers labor, so in my estimation at most 8% higher in a closed market.
Nonsense. If our international competitors take a price increase, for any reason, we will, almost immediately, increase our prices. If Trump hits imported autos with a 45% tariff, it is lunacy to believe that domestic producers are not going to increase their prices.
You just said an oil tariff will cause domestic oil to rise to match the import price, why do you feel a tariff on an imported good doesn't do the same to the equivalent domestic good?
For example if the USA is self sufficient in "blue widgets" then the tariff would not cause the consumer to pay more for "blue widgets".
Not sure what you mean by "self sufficient". If we import no "blue widgets", a blue widget tariff has no impact. If we import some, do you feel the domestic price doesn't rise?
The domestic producers would have an advantage with tariffs and eventually prices would stabilize at a point slightly higher
You're contradicting your previous claim, "a tariff only affects the price of imported goods".