Trump is certainly telling nonsense about the tax cuts. But why can't it work?

Here is the reason why:

Tariffs increase the price of goods and services in domestic markets by applying a tax on imported goods that is paid by the domestic importer. To cover the increased costs, the domestic importer then charges higher prices for the goods and services.

Tariffs don't make a country richer. That's obviously utterly nonsense.

Tariffs can be helpful, but only if used like a scalpel. If they are used like a chainsaw then they are destructive.

#TrumpTaxCuts