Source: EconLog
by Jon Murphy
“In theory, tariffs should shift jobs to the protected industries. If these tariffs protect manufacturing, why aren’t jobs shifting there? The argument for tariffs to protect manufacturing relies on an assumption that the imports are of final goods and that the protected country has tariff-free access to intermediate goods (the goods used in manufacturing). In 21st-century America, that assumption doesn’t hold.” (12/16/25)
https://www.econlib.org/econlog/no-manufacturing-jolt-from-tariffs