What we need is a 30% import tariff and let the “Captains of Industry” deal with it.
Most tariffs are a disaster. Put tariffs on countries not friendly to the U.S. Otherwise we need strong trading partners.
No Tariff. Just remove or at least drastically reduce taxes and regulations on business. American workers are dollar for dollar more productive than any other. The inordinate expense of American made products is due to the highest tax burden in the Developed world and one of the heaviest regulatory burdens. Take all that off and repatriation of offshored companies will be a stampede and the immigration of foreign companies also. A high tariff will simply cut off the economically lower 70% from much of the products we have gotten used to without ultimately improving the domestic economy. It certainly won’t help companies export because our 30% tariff will be matched by everyone else’s 30-50% tariffs and world trade will grind to a halt as it did in the 30s after our Congress initiated a long lasting Trade War with the rest of the world that triggered the Crash and helped prolong the hard times.
Tariffs are taxes. Taxes are evil. You're mad!
and let the “Captains of Industry” deal with it.
WTF are they?
The tariffs should be 0%, and I, as a consumer (who pays plenty of taxes already), will deal with it. The hell with the captains, they are crony crapitalists!