If you want Americans to reduce their purchases of Chinese products, tariffs are the best way to do it. There will be a slight increase in the retail prices of these products (tariffs are applied at the wholesale level), but consumers can mitigate this effect by switching to other products.
So why all the hoopla about "punishing" American consumers? Does anybody believe that we will be better off by preserving the status quo?
So why all the hoopla about "punishing" American consumers? Does anybody believe that we will be better off by preserving the status quo?