re: Trump's section 301 tariffs were successful. The data proves it.

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They would rather we install NAFTA and GATT so we could be in a trade deficit until the world ends.

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Wealthy nations will have trade deficits.

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How much more did we pay on daily used goods cause of tariff taxes by mean old orange man

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Did you read the article? The very article argues the price difference had nothing to do with tariffs and was due to "currency devaluation"

This is the same "currency manipulation" Trump ran on...in 2016.

Here is an actual data-driven analysis of the GDP impact from the tariffs.

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We estimate the retaliatory tariffs will reduce U.S. GDP by 0.04 percent ($9.4 billion) and reduce full-time employment by 29,000 full-time equivalent jobs. Unlike the tariffs imposed by the United States, which raise federal revenue, tariffs imposed by foreign jurisdictions raise no revenue for the U.S. but result in lower U.S. output.

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Or we can listen to Thomas Sowell....what does he know?

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What about the view by President Trump that other countries are ripping us off by running trade surpluses?

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It’s pathetic. The very phrase “trade surpluses” gives half a story. There are countries that supply mainly goods, physical goods, and there are other things like services that other countries provide, and the United States gets a lot of money from providing services. To talk about one part of the trading and ignore the other part fails to understand that money is money no matter whether it’s from goods or services.

When you set off a trade war, like any other war, you have no idea how that’s going to end. You’re going to be blindsided by all kinds of consequences. You do not make America great again by raising the price to Americans, which is what a tariff does.

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LINK

Tariffs were successful, see Wuhan virus

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so we could be in a trade deficit until the world ends.

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I'm not scared of trade deficits and never understood why they're so scary to people

If we had a weak economy, that would be one thing. We have the best economy in the world, however. Being able to invest our resources in more advanced, higher-margin outputs is a big advantage over the rest of the world.

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Ummm....prices being low was not the reason we wanted tariffs. We wanted them to offset a huge trade deficit that has been going on since Moby Dick was a minnow

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From the article it appears the primary effect was to push our imports to other countries, not to the US. As highlighted by a few already this article is a mindless propaganda piece that relies on its readers to ignore the contrary data included and glossed.

But we did not. Overall very little changed.

More dollars floating around in the world economy is not a bad thing.

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So explain it to us. While I do not agree with Roger's positions on tariffs, he's correct about the price aspects. Tariffs are meant to make imports more expensive in comparison to domestically produced goods.

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In a simple scenario you would be correct. Place a tariff(tax) on a good and it will become more expensive. When demand lowers for that product the exporters have to lower their prices to increase demand. We get the tax and the cheaper product price. Currency values (China is a master of manipulating them buy the way) is a different story and actually the driving force behind most of the data from this article.

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When demand lowers for that product the exporters have to lower their prices to increase demand

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Which makes it even more difficult for American mfgs to compete.

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We get the tax and the cheaper product price.

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Who pays the tax?