Comment by mmooss

> There will be more of a hit as we transition to domestic manufacturing, but it will generate jobs, investment, and keep money in our economy.

That's not how it works. It protects inefficient companies, reduces competition, and lets them pocket more of consumers money. I'm sure they will 'share' it with their labor force.

The US is and has been fully employed without it, so it can't really add jobs. The US has plenty of investment, and it will cut foreign investment - many of those factories are owned by foreign companies. It shifts the workforce to less productive work which will hurt the economy as well.

It will keep money out of our economy too. Economics doesn't work by keeping money in your pocket.

> There will be more of a hit ... but it will generate jobs, investment, and keep money in our economy.

Have you heard of 'trickle-down economics'? That was the theory that if we cut taxes on the wealthy, they will spend/invest more and it will 'trickle down' to everyone else. Guess what happened? Only the first step - the certain one - ever happened. The magical future never did.

It's the same here. It's just a hit for the benefit of a few; that's it. No economist thinks protectionism boosts the economy.

> In addition, other countries could simply loosen their restrictions and tariffs.

The DARVO idea that others are somehow blocking US investment - which dominates the world - has no foundation. Poor countries, of course, don't want their entire economy controlled by some trader on Wall Street.