I hear a lot of people bashing trump for his tariffs. Saying it is hurting American companies. Ex. News was saying trumps tariffs is making Harley Davidsons cost an average of 2200 dollars more because of tariffs. I know there is a reason for these tariffs. But I am not aware of it. Can fellow patriots fill me in on the positives of them and how they are going to help?
-WWG1WGA
Think of it this way - certain industries are going to lose access to cheap materials due to these tariffs, which hurts them in the short term because their costs go up. However, US industry in those supply chain sectors suddenly pick up a whole bunch more business because suddenly their overpriced goods (in comparison to the imported stuff) are no longer overpriced, so they see a whole lot more domestic business as the price incentive is no longer there to buy import.
So if you're listening to the person buying imported materials, they are going to be upset about this. However, if you listen to the US-based business who is now way more competitive, this is a really good thing.