Interviewed Monday by host Stuart Varney at Fox Business to present the libertarian view on United States tariffs on imports from China, Paul answered that libertarians dislike tariffs. Paul further noted the Constitution allows the use of tariffs to raise revenue “but not for fighting trade wars” — the purpose they are being put to in regard to China.
Competing with more free markets, argues Paul in the interview, is a much better option than imposing tariffs. Plus, Paul continues, when the US government imposes tariffs on Chinese products, “we punish ourselves because American consumers pay the tariffs” in the form of higher prices.
Watch Paul’s complete interview here:
The Ron Paul Institute for Peace and Prosperity is a project of Dr. Paul’s Foundation for Rational Economics and Education (F.R.E.E.), founded in the 1970s as an educational organization. The Institute continues and expands Dr. Paul’s lifetime of public advocacy for a peaceful foreign policy and the protection of civil liberties at home. Visit http://www.ronpaulinstitute.org