A tariff is a tax on consumers, The added cost is passed on to those who buy shit, that would be us buying from China and Mexico. If the tariff is big enough, then trading on that commodity slows down. Of course, the country Trump imposes a tariff on, reciprocates choosing industries that will get harmed quickly. That is why soybean and other farmers are getting killed.
What is the gain? Almost every economist on the planet is against tariffs calling them a dangerous and bad policy. Trump is the exemplar of bad and dangerous policy.
The Repubs have called themselves free traders proudly for generations. Now they are the tariff party.
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