Why Tariffs Cannot Work

Comments:
“Never produce what we could purchase cheaper elsewhere”

“Consumption is the sole purpose of production”

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A few weeks ago, we criticized a key part of Kamala Harris's economic program in our post Why Price Controls Cannot Work.  Now I'd like to criticize a key part of Donald Trump's economic program:  imposing a 10%-20% tariff on all imports, and a 60% tariff for all goods made in China.

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