That’s the simple view. But the US has hollowed out its industrial and manufacturing base by sending it overseas. At what point do taxes and money printing go so high to account for lost industry that we can’t buy anything anymore because no one has a job? 30% of the economy is financial, which means money printing and money gaming. This is nonproductive. So we are in a situation where the printing press now has to account for $2 trillion a year in deficit spending. Historically, the system where living in has collapsed 100% of the time and the people that suffer are the ones that got cheap goods for a few decades.

The money printer is what did all that damage to the US and the UK (where I am). Tariffs won't fix that. As long as money (the yard stick by which all is measured) is broken everything else will be broken. Tariffs are at best a sticking plaster.