Tariffs cause other nations to impose retaliatory tariffs, cause people to pay more for lower quality products, get rid of the incentive to be innovative, and generally make a country poorer.
Tariffs also made the USA the most productive nation on earth with what once was the wealthiest middle class in the world, and with the best standard of living, too.
My history-based reality trumps your economic theory, amigo.
Sometimes theories seem so logical, but reality doesn't give a shit how logical your theories are.
If you doubt the truth of my point, do feel free to witness how the nations imbalnce of trade is reflected in the declining quality of life in this nation.
That is not a mere coincidence, that is cause and effect in economics.
The U.S. grew despite it's tariffs, not because of them.
Nonsense.
American industrial power and the middle class that sprang from it (when they finally unionized to get their share of the American pie) owe their existence to tariffs.
There are other factors which, inarguably, ALSO made American great, but sans tariffs we'd have remained a third world agricultural nation.
I know you sincerely believe this nonsense you write, and the fact is that there is SOME truth to the argument that imposing tariffs stupidly can be detrimental to a national economy, too.
But the negative effects of removing tariffs stupidly, as we have been doing for about 50 years, is pretty god damned obvious to those of us who lived in areas which were once heavily industrialized.
When a nation gives us making stuff?
It gives up its economic powerbase.
And that is what we are doing.
Its stupid to the extreme for this nation, even though it is making a very small group of Americans very wealthy.
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