We, the USA, needs to collect at least enough tariff money to cover the lost tax revenue.
Importers *could* easily pay this out of excess profits with zero cost to the end user.
Ha Ha Ha! I've fixed your quote (in asterixis) But they won't, else they lose money - every increase they pay, either direct tax or tariff, will be passed on down the line!
End result is the consumer will pay! And in Trumpian economics where no one pays income tax, all Federal and state spending MUST be covered by Tariffs otherwise USA corp.
goes bust - either way, income tax or Tariff tax - consumer pays! Tariffs not only hurt US consumers due to increases, they force the USA to look inward and source from home
markets, which is great if USA Corp. produces what Joe Public wants at a price he can afford !
Unfortunately a cheap avacado or tomato from Mexico that may cost 30% more if sourced from California due to costs (labor etc.) and scarcity (volume of production lower)
sort of defeats a tariff! Nickel from Canada is a case in point -
no where worldwide has Nickel in commercial quantities. It is vital for stainless steel, batteries, electronics
produced in the USA - if Canada said No to US exports, how long would these industries survive?
Same with Canadian Crude, Lumber and Electricity . . . . Wall St. functioning with no electricity - now there's a concept!