What has been the impact of all the increased tariff taxes on the flow of imported products to the U.S.? The answer is that imports have continued in increase with the result shown in the chart above showing the growing trade deficit for the the U.S. 

What is the inflationary trend that the government experts felt was “transitory”? The answer is that inflation is rapidly increasing as seen in the chart above showing inflation at a new high for January in the U.S.

What is the lesson to be learned? The answer is that all the tariffs of the Trump administration and the continuing support of those tariffs by the Biden administration do not improve the lifestyle of the working class as promised, but merely provide more tax dollars to the government while increasing prices and the cost of living for its citizens.

Conclusion? Free trade is the best policy to increase the standard of living for all people in all countries. Remember, you cannot get rich off a poor neighbor.