Just listened to yesterday’s Marketplace earlier today. Kai had on a guy who has a leather goods manufacturing company, and supports the tariffs.
The thing that struck me about this interview is that the guy admits that he’s been able to do OK without the tariffs. First he went to China and did business there, and “…was making a fortune and felt dirty.” Then he went to the Dominican Republic: “…we started a plant in the D.R., the oldest democracy in the Caribbean — a country that tends to support our values a bit more than China — and struggled for many years to make it against China down there but came out on the good side of it… the materials we use when we produce in the Dominican Republic are U.S. materials made by U.S. workers. So even if you keep it on this side of the world, you’re supporting U.S. manufacturing.”
(Quick aside - I’ve been to the DR and lemme tell you, it’s not a place you want to hold up as a paragon of democracy.)
Even the supporters of these tariffs can’t provide good justifications. They’d already found ways to compete with China.
And then he says the business is “…growing by leaps and bounds. First, because of the threat of these tariffs, and now, my goodness, it looks like they’re really happening. So we’re tightening our seat belts and just trying to grow as fast as we can.” And what happens when the tariffs end and Chinese goods are back in play? (Which knowing our President, could be any time for any reason.) There’s no foresight here at all.