Reality . . .

. . . NOT reality tv, but reality economics . . .


(from https://www.nbcnews.com/politics/white-house/fact-checking-trump-no-tariff-man-china-doesn-t-foot-n943686)
"The people who are purchasing foreign goods are paying tariffs," said Columbia Business School professor Amit Khandelwal, who teaches on international trade. . . If you went to an electronics store right now and bought a foreign-made, big screen television hit by tariffs, the sale price will likely include a sizeable price hike thanks to the U.S. tariff — potentially to the tune of hundreds of dollars.

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Beneficial . . .

(from http://www.globaltrademag.com/in-the-news/nafta-negotiations-restart-today)
". . . A Trade Partnership Worldwide for the Business Roundtable report concludes that a termination of the North American Free Trade Agreement (NAFTA) would have significant negative impacts on the economy and employment in the U.S. High tariffs would be reimposed on U.S. exports and imports, which would reduce competitiveness both domestically and abroad. U.S. exports would drop, to Canada, Mexico and globally, as U.S. output becomes more expensive. Foreign purchasers would shift away from U.S. goods and services in favor of lower-cost goods and services made elsewhere. Lower output will translate to less employment: 1.8 million workers would lose their jobs in the first year. . ."

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