How tariffs could be a blessing in disguise for American companies

All indications are that free trade has gone the way of the typewriter and the pay phone. What has long been a pillar of economic liberty and free-market capitalism has been degraded by protectionism, populism and isolationism. Neo-mercantilism is the flavor of the month.

Despite the fact that, over the past 20 years, nearly 90 percent of economists have supported eliminating tariffs and two-thirds of Americans believe tariffs will lead to higher prices, tariff increases are here to stay.