Trade Wars Created Two Major Wars In The Past 75 Years
Tariffs create protective walls to coddle industries that cannot compete in the market. Excuse is government subsidies by a foreign government of their industries. Imagine our dirty energy and technologies without Feds subsidies in the form of military expansion, research and development, and outright tax loopholes...
Tariffs also jack up the price for consumers (price gouging by governments) in addition to forced transfer of funds from the consumers to producers.
Tariffs are also forced taxation through one man's order without the people's approval through Congress or public debate.
In the past, trade wars have led to international bang, bang. It seems, if unchecked, the current military preparations around the globe seems to be leading towards that. Funds are being transferred to war machinery, even NUKES, and positioning of war systems at the doors of the two major competitors. Imagine industrial scale war under the MAD regime and consequences for planet earth. FIREBALL then FREEZE despite rosey predictions to the contrary and private bunkers with survival kits for 10 or more years underground.....
Only beneficiaries of tariffs are a few inefficient industries, a government that is scared of raising taxes and the military for a short time. Afterwards, it destroys the home that was supposed to be protected. Do we see the sign now as we see gutting of the economies of the planet, creating an atmosphere of everyone for the self and a looming war that could perish all?