Reason Magazine
•70% Informative
Sen. Josh Hawley (RMo.) introduced a bill to impose an additional 25 percent tariff on all imports from China.
Frida Ghitis: Tariffs are nothing more than taxes paid by importers and passed along to consumers.
She says tariffs won't create jobs in the U.S. but will destroy them, as higher taxes always do.
Ghitis says Hawley needs to explain why raising import taxes should be a priority right now.
Hawley and the New Right are slipping into one of the same economic fallacies that has often bedeviled progressives like Sanders.
Higher import taxes that will be paid by American businesses and consumers is a recipe for slowing the economy and punishing productive people.
It won't accomplish anything else. It'll never add up the way Hawley keeps promising.
VR Score
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