1,804 words
One of the things I like about Donald Trump’s promise to impose tariffs is how it places the needs of American producers over the needs of American consumers. With strong tariffs in place, consumers might be forced to pay more for superior goods than they normally would, or simply pay more for goods in general. This naturally happens when government artificially influences the market. Without fair competition from foreign goods, domestic producers face less pressure to reduce their prices. By increasing the prices of foreign goods, government is in effect reducing its supply for the majority of consumers, who would not realistically be expected to pay such higher prices. And with reduced supply comes higher costs. (more…)
