Originally Posted by
juleswin
When I was little, I used to wonder why the govt cannot just fix prices of ice cream so that everybody can afford it, then I grew up. The problem with tarrifs is that other countries would retaliate in kind when you impose tariffs on their products. Most likely, what the country gains in imports, they would lose it in exports and it would be a wash at the end. With the US, other countries could be so mad that they may decided to break free from the dollar. That is when people would really understand what hardship really is.