By Liberty Report Staff
Protectionism and the erecting of tariffs are equivalent to "cutting off the nose to spite the face."
When President Trump imposes tariffs on another country, it's another way of saying that he's raising taxes on Americans!
After all, it's the American consumer that pays for the tariff, not the foreign country. The U.S. government has no taxing power over foreign nations.
We Americans, on the other hand, are not as fortunate. We are the ones who must suffer with a further reduction in our standard of living.
Ron Paul discusses with Kennedy below: