The best analogy, I've seen for tariffs is:
"I buy a lot from the local pizza place, they don't buy anything from me. Now I'll start paying 10% more until they learn".
If the tariff fees are spent developing business in your country, i.e. subsidies for industries which are underrepresented, then they might do long-term good.
If the tariff fees go into the pockets of the wealthy because they are instituted in order to pay for a massive tax break for the rich, and those wealthy people do not spend them creating jobs in those industries, they certainly will not improve the economic system in your country.
Tariffs always: 1) Tax the poor people not the wealthy. The wealthy save their earnings and travel outside the country (where they can buy things without those tariffs) while the poor spend all their earnings and rarely travel. 2) Make things more expensive in your country compared to outside of it. Hurts both the consumer and the industries buying raw materials. 3) Encourage you to buy expensive local products instead of cheaper foreig
Moreover, not all tariffs are created the same.
If the tariff fees are spent developing business in your country, i.e. subsidies for industries which are underrepresented, then they might do long-term good.
If the tariff fees go into the pockets of the wealthy because they are instituted in order to pay for a massive tax break for the rich, and those wealthy people do not spend them creating jobs in those industries, they certainly will not improve the economic system in your country.
For anyone out there stil
The first part of your analysis is true.
But Tariffs ARE automatically bad.
Tariffs always:
1) Tax the poor people not the wealthy. The wealthy save their earnings and travel outside the country (where they can buy things without those tariffs) while the poor spend all their earnings and rarely travel.
2) Make things more expensive in your country compared to outside of it. Hurts both the consumer and the industries buying raw materials.
3) Encourage you to buy expensive local products instead of cheaper foreig
most businesses feel that saner heads will prevail
And then people look at Vance, Hegseth, and Miller amongst others. Trump may go away, but that doesn't mean that MAGA and Project 2025 will.
...and that's to show how much of the final price is actually tariffs.
Suck it up Bezos/Jassy, grow a spine and tell people the truth that they're getting fleeced by Trump & his "administration".