The Pessimistic View

Trump imposing tariffs may be the morally correct path because American goods have been subjected to foreign tariffs without response for far too long, but what of the damage done to most of America's households? Everything they were buying from abroad will now cost more, but they will not be making anymore to pay for it. Not to mention the 401(k) and individual shareholder bloodbath taking place. Sometimes, doing the right thing is painful, but these tariffs are killing us, and there is virtually no upside for America as technology is replacing workers everyday and everywhere, so jobs will not be coming back to our country in any significant numbers, even if the manufacturing facilities ultimately do return to our shores.