One of my favorite examples of the counter-productive nature of tariffs is our tariff on Chinese-made tires. The tariff cost US consumers about $900,000 per job saved and mainly lined the pockets of tire producers here and abroad.
https://www.piie.com/publications/pb/pb12-9.pdf
Honestly, I’ve seen so many phony baloney studies in my life, that I get a better laugh than I get watching a sit com when I read them.
Let’s look at one aspect of this article.
They address the loss in residual jobes because folks won’t have money to spend on other things.
They don’t mention that these workers would be unemployed. They don’t mention that their suppliers would be unemployed. They don’t mention that all the people they support and purchase things from would be negatively impacted.
The local economy would be negatively impacted and local regional state and federal tax revenues would be negatively impacted.
Further, I’m not totally convinced their assumptions on total outlays per person are on the up and up either.
Everybody has an ax to grind, and they do their best to move opinion with whatever they can come up with.
You should read some of the convoluted logic in union presentations.