But on the other hand, if we are in economic competition with Red China, and they sell commodities on the open market at a loss in order to drive our factories to shutter and garner market share, then tariffs will blunt their efforts. No?
Awhile back I was watching a news segment about (of all things) door-locking mechanisms in cars. A Chinese company was selling them to US car manufacturers for less than $1 a unit. Their goal was to drive the US producers out of business.
And according to the report, the Chinese strategy was working.
Now my car costs, maybe, $25 less than it would otherwise. And another American industry is destroyed. Tragic. So yeah, I’d listen to a pro-tariff argument.
Side note: I suppose that some folks could say just hit China with a “dumping” fine here. But suppose those locking mechanisms really did cost less than $1 each to produce?