It’s Econ 101. These tariffs will hurt the consumers.
I believe it was John Q Adams that said something about people needing to not sacrifice their lives, but sacrifice their comfort if we were to win the revolution.
If people want this nation to return to greatness, they may need to sacrifice their comfort. We’ll see what this country is made of soon enough.
“Well, it will increase the price of imported goods.”
It will increase the price of domestic goods. For a number of reasons. First, the protection the tariffs provide will cause some American manufacturers to jack up their current prices, because they no longer have to compete.
Second, some of those imported goods are NOT finished goods for sale at Walmart. They are industrial products that American manufacturers need to make “Made in USA” goods. The prices of those goods will also go up, and there may not be a tariff on their foreign competitors making the same finished product, at least not right away.
Alternatively the supply of the Made in USA goods may shrink because the US manufacturers cannot get component parts at a price they can afford.
Paying a few pennies on the dollar more for Wal Mart junk is not much of a sacrifice.
>> it will increase the price of imported goods <<
Yes, and that means it will also increase the price of locally produced goods that compete with imports. The logic is ironclad. It can’t be explained away.