Tariffs Harm U.S. Importers, Consumers

In his recent inaugural address, Donald Trump made the following statement:

Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens. For this purpose, we are establishing the External Revenue Service to collect all tariffs, duties and revenues. It will be massive amounts of money pouring into our treasury, coming from foreign countries.

This sounds wonderful. The ideal tax is always one that is paid by somebody else!