Do You Think the United States Government Should Use Trade Tariffs to Combat Cyber Theft?
Tariffs can raise the cost of intermediate goods such as parts and materials, which then raises the price of goods that use those inputs and reduces private sector output.,  This would result in lower incomes for both workers and the owners of capital. Similarly, higher consumer prices due to tariffs would reduce the after-tax value of both labor and capital income. Because these higher prices would reduce the return to labor and capital, they would incentivize Americans to work and invest less, leading to lower output.
This increase in international trading activity has led to increases in productivity, employment, output, and incomes for the countries involved. Though historically the United States has led the movement toward free and open trade, the U.S. maintains high tariffs on select categories of goods. These sectors of the economy are not open to free trade or the competitive pressures free trade entails, and the related prices are artificially raised because of tariffs and other restrictions. Rather than focus trade policy on reducing these barriers, recent actions by the Trump administration have been to levy new tariffs and threaten further trade restrictions. History has shown that tariffs fail to achieve their intended objectives, and result in higher prices, lower employment, and slower economic growth in the long run. Rather than erect barriers to trade that will have negative economic consequences, policymakers should promote free trade and the economic benefits it brings.
 Dean Russell, “Tariffs Kills Jobs,” Foundation for Economic Education, Feb. 1, 1962, https://fee.org/articles/tariffs-kills-jobs/.
 Chad P. Brown, “The Element of Surprise Is a Bad Strategy for a Trade War,” Peterson Institute for International Economics, April 16, 2018, https://piie.com/commentary/op-eds/element-surprise-bad-strategy-trade-war.
 Kyle Pomerleau and Erica York, “Modeling the Impact of President Trump’s Proposed Tariffs,” Tax Foundation, April 12, 2018, https://taxfoundation.org/modeling-impact-president-trumps-proposed-tariffs/.