04-21-2017, 11:26 AM
In a free market it drives prices up by forcing artificial shortages. But this isn't a free market. American employers must pay minimum wages, adhere to environmental and safety regulations, and in general provide a much costlier business environment than the 3rd world economies do. In theory, tariffs serve to level the playing field. In reality, government is always too slow to react to changing markets and the regulations end up harming the economy.