There's nothing common sense about this. It's just stupid. But do few Americans understand economics that I can see the majority falling for it. People will happily vote to cut their own throats in order to punish some out group.
For future reference the giant trade deficit has benefited the USA enormously and increased quality of of life of most Americans. The incredible thing here is not that we import so much from China but that the hyper-productive Chinese exporters and manufactures have been so willing to surrender real goods and labor for the green pieces of paper we call currency which the government can create at the push of the button. This was the trade of the century.
I suspect that this will ultimately only help China and hurt America. China will be forced to develop their own internal markets and diversify their exports more -- which they've been doing already. You'll also just see more action from other low wage exporters like Vietnam. In the end Americans will just as price increases. Tariffs won't bring back jobs, reduce the extreme inequality that's killing the country nor are they real investment.
That's a shortsighted view. As the saying goes, "you can have the free apples, as long as I own the orchard". At some point, there will be no more free apples, and you have no idea how to farm
I agree that the trading with China has benefitted the USA enormously, but, at least money wise, it has benefitted China even more. That's the definition of a trade deficit.
The goal of the tariffs is of course not to stop that trading. The goal is just to pick up some free money under the assumption that China will not dare to start a trade war.
For future reference the giant trade deficit has benefited the USA enormously and increased quality of of life of most Americans. The incredible thing here is not that we import so much from China but that the hyper-productive Chinese exporters and manufactures have been so willing to surrender real goods and labor for the green pieces of paper we call currency which the government can create at the push of the button. This was the trade of the century.
I suspect that this will ultimately only help China and hurt America. China will be forced to develop their own internal markets and diversify their exports more -- which they've been doing already. You'll also just see more action from other low wage exporters like Vietnam. In the end Americans will just as price increases. Tariffs won't bring back jobs, reduce the extreme inequality that's killing the country nor are they real investment.