re: tariffs: Can someone clarify to me some technical...

[harumph]

4. That is essentially what happens; consumers pay a relatively higher price for goods under tariffs.

This makes the foreign produced product less price competitive in relation to a similar domestically produced one.
For reasons too lengthy to go into here, tariffs often do not have the intended effect. But the take away is that consumers are
the ones paying the increased costs of the tariff.