Tariffs are quite different than a sales tax because they can select winners and losers in a market. Cane sugar vs sugar beets etc. https://en.wikipedia.org/wiki/Sugar_beet
However, they don’t have to be high enough to change who wins, even small ones adjust how much foreign subsidies manipulate the market. Foreign governments should consider how much US corn syrup impacts domestic consumption for example as a separate issue from how it impacts domestic sugar production.
China’s currency manipulation has second order effects that benefits Americans. We don’t necessarily want China to stop, instead the goal should be to minimize the harm while extracting maximum benefits. A small tariff that caused them to double down on currency manipulation would be a massive win.
Tariffs are quite different than a sales tax because they can select winners and losers in a market. Cane sugar vs sugar beets etc. https://en.wikipedia.org/wiki/Sugar_beet
However, they don’t have to be high enough to change who wins, even small ones adjust how much foreign subsidies manipulate the market. Foreign governments should consider how much US corn syrup impacts domestic consumption for example as a separate issue from how it impacts domestic sugar production.
China’s currency manipulation has second order effects that benefits Americans. We don’t necessarily want China to stop, instead the goal should be to minimize the harm while extracting maximum benefits. A small tariff that caused them to double down on currency manipulation would be a massive win.