I don’t like tariffs. A chip plant is going to take years to complete so the benefits are years away. Meanwhile, we still have to use foreign chips and the tariffs raise their prices for US consumers. The only winner from a tariff is the US gov’t from the money they collect...it’s a windfall gain to Biden because he does nothing productive, but gets paid anyway. A tax break is price-neutral while the plants are built and business benefits only accrue if they build the plant and hire more people.
That is the point. That is good thing. Who better to pay this budget balancing tax than the consumers of imported goods? Citizens ( myself included ) should pay a premium when letting 3rd worlders make everything for them. Get it?
When domestic supply comes on line the price will go down because tariffs don't end domestic competition. It took long time for Free traitors™ to sell out the USA and it will take a long time to fix it.
I’ll bet a tariff that goes directly to fund SS and Medicare would be WILDLY popular. Now, if we just had that “lock box”.