This is correct. But the main argument against tariffs in this comment section seems to be "Waaah! You can't make me pay more" which completely misses the point.
I’m actually for trying to bring manufacturing back to the US. I’m for decoupling from (and hopefully weakening) China.
I’m entirely against Trump’s chaotic lunacy because it’s not going to accomplish any of the good things I’d hope for from such a thing. He’s got whole sectors treading water waiting for him to die, while smaller players simply shutter operations, because you can’t make huge capital investment decisions with this much uncertainty in the air. To say nothing of how bad an idea it is to try to decouple from China while also launching trade wars against your own allied trade bloc.
