Please can someone sensible explain to me why the American tariffs are a good idea?

How does this make the already wealthiest economy in the world “great again”? Every export has instantly become more expensive, so less will be sold, and every import has instantly become more expensive for Americans to buy.
No country can exist on its own surely? Do we not all rely on each other to some extent?

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ABCDEF7 · M

It is not about cost of goods to citizens of America, more or less, they will remain same for citizens. In most cases it will earn revenue to govt. of U.S. and in some scenarios it will give better opportunities to countries having low tariffs.

Northwest · M

@ABCDEF7

It is not about cost of goods to citizens of America, more or less, they will remain same for citizens

No. The cost of goods will go up. Retailers are not going to absorb it and will pass it to consumers.

VW, for instance, is adding an import fee to the sticker. Amazon will pass it to consumers, etc.

ABCDEF7 · M

@Northwest They can't increase beyond a certain limit, because they will have to compete with low tariff countries. It will definitely give opportunities to countries with low tariffs. If the U.S. govt. doesn't give tax reliefs to it's citizens, citizens have to bear the tariffs by themselves.

Northwest · M

@ABCDEF7 I'm not following here.