This situation feels dumb. I feel like I am watching idiots cheer on someone doing parkor and that person getting his teeth smashed on a wall. Like, what is the point?
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For centuries the theory was mercantilism which is the highest imbalance of trade in your favor is good.
The last century was Keynesian “deficits don’t matter” where taken to its conclusion, the worst possible imbalance is good, because that means they have to reinvest their dollars which supports the US, blah blah.
I’m open to the experiment where targeting a balanced trade with all countries as the goal. Using tariffs where imbalances exist, especially when countries arbitrarily lock your goods out of their markets, is a tool for fixing this.
One reason the US is so fucked up for the lower and middle classes is our global reserve currency and how it provides increasing pressure on the dollar and slowly deindustrializes our society. This has been pushing us towards ever more radical politics
I get to hear my Rep ask questions. There is a Congressional research office that acts as a kind of neutral arbiter of truth allowing for evidenced based instructions. Then, after weeks or months, a consensus builds and Congress passes a law and tells the President what to do (hence Congress=Article ONE -> two).
Now, I get to watch a single person dictating tax rates and dumb twitter threads doing a horrific job replacing what I described above.
I could debate you on the merits of your comment, but my real point is that before you wreck the lives of millions of people, you should make sure most people are onboard with all the consequences (1st order and 2nd order effects).
A prior historical US example would be FDR, who my teachers growing up simply adored, who strong armed many aggressive executive policies through and radically reshaped America for a century.