Yes, Tariffs Raise Domestic Prices, That's the Reason for Them

BePo, the Bezos Post, aka the Washington Post, reported on Monday that:

National Economic Council Director Lawrence Kudlow acknowledged Sunday that American consumers end up paying for the administration's tariffs on Chinese imports, contradicting President Trump's repeated inaccurate claim that the Chinese foot the bill.

Which is a truth stated with intent to deceive.

Yes, tariffs raise the price of imported goods, which is bad. But tariffs boost domestic production of import substitutes, thus raising the demand for labor, hence raising wages, thus enabling Americans to pay higher prices for locally produced goods. 

Moreover, the substitution of domestic products for many of the half-trillion-dollars-worth of goods the US currently imports from China will greatly increase domestic demand for the materials and machines necessary to expand American manufacturing. This, in turn, will stimulate investment in all kinds of R and D and in technical education. 

Who loses from tariffs?

The globalist elite, who seek relentlessly to maximize profits by manufacturing where wages are lowest and environmental and workplace health and safety regulations are weakest, while selling where prices are highest, and taking profits where taxes are lowest or non-existent. 

That's why MAGA is such an incendiary idea. Globalists don't want to make American industry great again or Americans prosperous again. They want to make Americans poor — dirt poor, like the teeming masses of Third Worlders with whom they are striving mightily to flood both the United States and Europe, thereby to drive down wages.

And that's why the globalist elite deploy leftist puppets to accuse of racism, those who oppose their own impoverishment through invasion of their homeland by people of alien race, religion and culture.

Related:
CNS: Patrick Buchanan, Tariffs -- The Taxes That Made America Great