As I understand it: The long term vision is that by increasing the cost of imported goods, domestic goods will have an easier time being competitive. The short term vision is that tariffs can be used to bully other countries into doing things the U.S. wants.
As I understand it: The long term vision is that by increasing the cost of imported goods, domestic goods will have an easier time being competitive. The short term vision is that tariffs can be used to bully other countries into doing things the U.S. wants.
I guess that makes a little sense in a simple world. So, higher prices it is.