Will be interesting to see what happens to prices
It will hurt for a few years then become a huge success. This is something Milton Friedman and the Austrians/ Chicago school were 100% wrong about.
There is a point where you can go to far with it. Like if your country doesn't produce a particular natural resource. But it's much better than the current situation.
Combine that with a single didget flat tax or elimination of the income tax completely and it would be the greatest economic turnaround in history.
Also remembering that even if trump dose this . In most cases he's just leveling the playing field , imposing the same traffifs on countries that tariff the US.
For example. In Australia we pay nearly double for a ford raptor as what it costs in America.
It's fucking crazy. Yet we don't make cars anymore.
The tariffs need to be combined with a massive tax cut and deregulation otherwise they won't work.