The Hidden Costs of Tariffs

 

Not only have tariffs been an added tax placed on U.S. companies that import goods from China, the government has been paying the tax collected, and more, to American farmers as partial compensation for their losses from Chinese tariff retaliation.

(From CFR.org)

By launching a trade war with China, therefore, the president has simultaneously raised taxes on U.S. companies and lost the government money.