>The domestic buyers of the tariffed goods suffer, but I guess we don't care about them.
Only if we consider the first order effects -- and only if we consider them simplistically as mere consumers.
Because the wider view is that those "consumers", are also workers, and the "race to the bottom" effect of modern global trade with the developing world hurts their bottom line, and leaves them without money to be consumers anyway.
The US, and other western countries, have used tariffs to great effect throughout their capitalistic development.
Only if we consider the first order effects -- and only if we consider them simplistically as mere consumers.
Because the wider view is that those "consumers", are also workers, and the "race to the bottom" effect of modern global trade with the developing world hurts their bottom line, and leaves them without money to be consumers anyway.
The US, and other western countries, have used tariffs to great effect throughout their capitalistic development.