Let's pretend that we don't live in a country with infrastructure that desperately needs to be overhauled and that we're not the least bit concerned about federal tax revenue to solve those sorts of problems. Now that the stage has been set, our incompetent leader has managed to both giveth and taketh away from a corporate perspective: https://www.aier.org/article/tariffs-may-wipe-out-gains-tax-cut What's dreadfully obvious is, the President doesn't understand, and isn't interested in learning about the complexity involved with international trade, has not learned the lessons from our past about how ineffective tax cuts are at producing long term, sustainable growth, it's almost as if he's still stuck in a Phillip's Curve world, but that perhaps is giving him too much credit.
We all know that taxes, in whatever form they are, are a disincentive to economic activity. What's wrong then with shifting some of the tax into the form of tariffs?
Tariffs have priced people out of new cars and washing machines as all the domestics went up in price to match the imports.
