A student makes the following argument:

Tariffs on imports of foreign goods into the United States will cause the foreign companies To add the amount of the tariff to the price they charge in the United States for those goods. Instead of putting a tariff on imported goods, we should ban importing them. Banning imported goods is better than putting tariffs on them because US producers benefit from the reduced competition, and US consumers don't have to pay the higher price is caused by tariffs.

Briefly explain whether you agree with the students reasoning