03-23-2024, 11:30 AM
If anything you said were true, then the 1980s and 1990s would have been the era of the best American cars. Was it?
The entire point of tariffs is to artificially raise prices. If you didn't need to raise the price to compete, then you wouldn't need the tariff.
No tariff has ever been designed to create "lower profits to the foreigners," whatever that means. A tariff that doesn't price competition our of the market is a useless tariff.
Other domestic companies will also price their products accordingly in order to maximize the benefits they receive from the tariff. Why compete when you have a government-approved, government-enacted price cartel?
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