These are the sort of things the poor and middle class voted for. To make the rich, richer. And then turn around and complain that rich are getting richer and they are getting poorer.
These are the sort of things the poor and middle class voted for. To make the rich, richer. And then turn around and complain that rich are getting richer and they are getting poorer.
It doesn't "benefit the wealthy" because it's not progressive, it benefits the wealthy that have investments in the tariffed industry by distorting the market to their advantage instead of having to be competitive on a level playing field.
The rest of the wealthy are equally annoyed by the tariffs as everyone else, possibly more so as they see their investments tank.
Frankly tariffs get a bad rep because of from who and how they are implemented but can absolutely serve a purpose.
What’s missing from these discussions is the idea of competitive advantage. It is inherently more efficient to grow crops in climates where they thrive, tacking a tariff to protect domestic production means intentionally lowering the standard of living of everyone both domestically and abroad to favor some tiny group doing something wasteful.