I don't think that's quite right. Here's a thing with a punitive tariff on it. People won't buy it because the price went up too much. It is because prices w

I don't think that's quite right. Here's a thing with a punitive tariff on it. People won't buy it because the price went up too much. It is because prices went up that nobody buys it. (And we all become poorer because we can afford less, whether or not the price increase shows up in the inflation statistics.) Tariffs have their own Laffer Curve just like income taxes do. Sure, you can set them so that the government gets zero (or close) revenue. But you don't have to. You can set them so that the government gets quite a bit of money. (Note well: I am not claiming that Trump is setting them there.)