Letter: Christmas dolls

Once again, our dealmaker in chief has demonstrated that he has no idea how international trade relations work. To expand on his three dolls instead of thirty analogy, the purpose of tariffs is to encourage domestic production and create jobs. But there are almost no U.S. doll makers since it is easier and cheaper to import. And no company is going to build a new doll manufacturing facility from scratch. As a result, the doll store owners will sell only 10% of their normal volume. The prices will be higher and the owner may even decide to absorb part of the tariff cost which not only lowers the volume but reduces the profit margin. Extrapolate this process to the entire imported inventory and soon another business failure is imminent. No new jobs created and one less small business in existence. Targeted tariffs make sense in some cases but the blanket tariffs (taxes on all imported goods) are short-sighted and contrary to any common-sense economic theory.

Disclaimer: As submitted to the Arizona Daily Star.

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