Ron Paul Argues the Case Against Tariffs on Chinese Goods
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: