Tariffs don't, AFAIK, create inflation. Tariffs simply raise the price you and I pay for iPads and iPhones and such. Our standard of living goes down immediately when tariffs are imposed.
So who benefits from tariffs?
The U.S. Federal Government - Increased tax revenue.
Any U.S. company that gets to raise it's prices due to the reduced competition.
Who loses from tariffs?
You and me an every American consumer.
So what is the argument in favor of tariffs?
Long term growth in employment in the U.S.
More happy Freepers.
My problem is that I just don't buy the employment growth argument and the short term and (I believe) the long term loss of buying power for Americans will be the reality.
But I'm open to some proof that I'm wrong. Freepers who agree with Bernie Sanders and Donald Trump on trade and tariffs should present their PROOF that these guys are right. I haven't seen it. But I'm very, very patient.