As far as tariffs as subsidies, I see that point, but the US has no problem with subsidies. Look at the huge handouts they give to farmers. I don’t even know of all the industries that are subsidized, but it is really unfair. What US corporation can compete against a Chinese company paying $3/day? The tariff would prevent deflating our wages to become on par with the Chinese wages. This is where we are headed, I think: US wages will come down, Chinese wages will come up, until they meet in the middle. Indians are already catching up in Engineering. My friend is constantly concerned that her software management job will be outsourced to India. It seems that import tariffs would encourage us to buy American-made. Perhaps we’d be better off if we all drove GM cars instead of Toyotas? We wouldn’t have the huge layoffs in Detroit.
