You're incredibly naive if you think revenues from tariffs will be used to lower income taxes. Politicians don't think that way. You can set tariffs too high if you "want to pay" them. You can set them to the point where none are imported, which is what you want. What happens when the product isn't made anywhere in the USA? There are lots of things that cannot be produced here that are deemed desirable (rare earth minerals used in your Smartphone and other electronic products, including defense items). How do you decide which imports are subject to tariffs and which aren't? Do consumers decide or some bureaucrat?
If "turd" world countries can sell cocoa in the US for half what it would cost the US to produce it and the cocoa workers in the US constitute 10,000 employees, which is better for the US: 330 million chocolate users buying products at $5/lb or having them pay $10/lb to benefit only 10,000 employees? That works out to a subsidy of $166,500 per worker that you've just shoved onto the shoulders of the consumer. You have no understanding of Comparative Advantage.
Talking to you is like trying to educate a rock. No more time wasted talking to rocks...you're not worth it.
What happens when the product isn't made anywhere in the USA? There are lots of things that cannot be produced here that are deemed desirable (rare earth minerals used in your Smartphone and other electronic products, including defense items).We can make evrything we need in the USA. IF forced to, the regulations will be removed.
Cocoa, really? I am talking about hard core durable goods not beans....