Regarding price increases, the answer is "it depends".
Let's say we see a 20% tariff on Chinese goods. Your Chinese pump is unlikely to go up 20%. Depending on how elastic the demand for said pump is (are there alternatives?) then the actual price will increase at some amount less than the full 20%. Since we don't "need" pumps and there are US and Euro produced options, it would probably be somewhere in the middle. (of course materials to produce those US pumps might also go up but that's another story)
Let's say we see a 20% tariff on Chinese goods. Your Chinese pump is unlikely to go up 20%. Depending on how elastic the demand for said pump is (are there alternatives?) then the actual price will increase at some amount less than the full 20%. Since we don't "need" pumps and there are US and Euro produced options, it would probably be somewhere in the middle. (of course materials to produce those US pumps might also go up but that's another story)
It can also be seen as a tax as it has a similar impact. It's unfortunate that the right has abandoned the principles of free trade and economics.I find it funny that someone would poo poo 'leftie' policy but be all about tariffs. Which is 'leftie' as it gets and another type of subsidy that is paid for by the consumer instead of the government.