I guess I’m seeing it as both. Yes, tariffs will restrict some foreign trade, but that should be a good thing as it should encourage countries to do what they do best (e.g., always running a trade deficit puts the country’s people out of work). Flooding overseas markets with cheap stuff only seems to help the few who are controlling the trade, while the majority gets the scraps.
I guess I’m seeing it as both. Yes, tariffs will restrict some foreign trade, but that should be a good thing as it should encourage countries to do what they do best (e.g., always running a trade deficit puts the country’s people out of work). Flooding overseas markets with cheap stuff only seems to help the few who are controlling the trade, while the majority gets the scraps.