Posted by MarkB_MI on June 23, 2018 at 16:58:56 from (174.230.8.240):
In Reply to: TRADE WARS posted by Al Baker(pumpman) on June 23, 2018 at 10:15:27:
In theory, if protective tariffs work, the government does not collect them. The whole point is to raise the prices of imported products to the point that they can no longer compete with domestic products. Foreign products that can't compete with domestic goods are never imported and hence generate no tax revenue. Note that protective tariffs are quite different from revenue tariffs, which are collected to generate revenue for the government, not to discourage imports.
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