England prospered under protection too. And had their industries devastated when they adopted free trade policies
I'm all for lowering the domestic taxes to offset an import tariff. Make it tax neutral. You'll still get a huge bump in government revenues when Americans go back to work and GDP soars.
...1% tariffs for the last 40-50 years and now we have lost a lot of industries and have the highest rate of unemployment...
We can't be back to saying correlation does prove causality. Better is the idea that we show care with numbers and include references. This is what we got when we look at historic unemployment/tariff numbers (linked in your post #117) and it's probably not the direction you intended to go:
|
for the past half century |
1/2 century before |
average tariff rate |
3.6% |
12.0% |
average unemployment |
3.4% |
7.4% |