The way it is supposed to work is that they would buy the part from a local manufacturer, thus protecting that manufacturer from foreign competitors. Problem is we got rid of most of our manufacturing in order to break unions and for shareholders to get an extra .0000001% out of their investment. So tariffs now just hurt us.
The way it is supposed to work is that they would buy the part from a local manufacturer, thus protecting that manufacturer from foreign competitors. Problem is we got rid of most of our manufacturing in order to break unions and for shareholders to get an extra .0000001% out of their investment. So tariffs now just hurt us.
They didn’t work previously either.
In fact income tax was created specifically because tariffs don’t work.