Trade Myths Die Hard . . .

[redcliffsw]

Any way you slice it, it is Americans who lose. Tariffs steal from businesses and entrepreneurs' profits. Tariffs force consumers to pay more for imported goods. But a retaliatory tariff adds insult to injury. American exporters suffer when they have to pay a tariff to a foreign government. And American importers suffer when they have to pay a tariff to the U.S. government. If someone harms you, do you retaliate by further harming yourself? It is immoral for domestic industries to demand that the U.S. government inflict the same unjust depravations upon their fellow citizens that foreign governments inflict upon theirs.

Read on:
https://www.lewrockwell.com/2018/07/laurence-m-vance/trade-myths-die-hard/