People want cheap shit, they don't care about how competitive the market is. It's just an unfortunate fact that has been reflected by dozens of American monopolies and decades of fervent offshoring. Tariffs just raise the price of said cheap shit until it costs as much as luxury alternatives, and "fixes" the problem by neglecting any market too poor to cope with more expensive goods.
It's a great trick if your goal is to artificially and temporarily encourage competition between two heavily unequal trade partners. It's a suicide rap for low-class Americans that now have to foot the bill for the rest of the economy by paying more for less food. It will put millions of American citizens on welfare, just to make unprofitable businesses seem competent. The people that want this are business owners and voters that do not understand the futility of a trade war with China.
People want cheap shit, they don't care about how competitive the market is. It's just an unfortunate fact that has been reflected by dozens of American monopolies and decades of fervent offshoring. Tariffs just raise the price of said cheap shit until it costs as much as luxury alternatives, and "fixes" the problem by neglecting any market too poor to cope with more expensive goods.
It's a great trick if your goal is to artificially and temporarily encourage competition between two heavily unequal trade partners. It's a suicide rap for low-class Americans that now have to foot the bill for the rest of the economy by paying more for less food. It will put millions of American citizens on welfare, just to make unprofitable businesses seem competent. The people that want this are business owners and voters that do not understand the futility of a trade war with China.