it is still a tax increase and I don’t think you can pay for a tax cut by increasing taxes somewhere else. The money won’t show up.
The other problem is that it antagonizes the rest of the world when we should focus on the real bad guys. It makes Columbia and other Latin American countries weaker vs the socialist and drug threat of Venezuela.
It’s a tax increase that Americans don’t pay, and provides protections we benefit from. If we used the money from such a tariff to lower domestic taxes, it is effectively offshoring the tax burden.
And I say, good! They offshore our industries and factories and jobs, let them offshore the tax burden as well. It is entirely appropriate to this new global economy. Foreigners who benefit from doing business in America get to pay their fair share of the cost of running the country - who could be opposed to that?