By Dominic Pino

Dominic Pino is the economics editor and Thomas L. Rhodes fellow at National Review and host of the American Institute for Economic Research podcast “Econception.”

We’re familiar at this point with the “America First” justification for tariffs: The United States has a large trade deficit in goods, and this is bad because it means American jobs to make those goods went abroad. Foreigners then take the dollars from selling us those imports and buy up the U.S. out from under Americans. The U.S. needs tariffs to solve this deficit and turn it into a surplus. Paid Promoted Stories 8 Monthly Expenses Adults Waste The Most Money On Betterbuck Ad is Hidden Please tell us why you hid this ad?

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