Wednesday, March 26, 2025 | 2 a.m.
President Donald Trump says tariffs will make America rich once more.
Economically, totally different areas can produce merchandise extra effectively. Free commerce advantages all events, as everybody receives the bottom worth.
Economically, all companies attempt to maximize income. A tariff is a tax on imports which is paid by the importer, so the tariff should make the imported product extra expensive to the patron.
Trump appears to imagine tariffs will end in extra home manufacturing, but when it was cheaper — i.e., extra worthwhile — such manufacturing would already be getting achieved.
Assuming Trump will get his means, and extra vegetation are constructed domestically, the shortage of international competitors would result in larger costs for the patron and extra revenue for the producer.
