/——-/ We can always turn to you for sound economic and trade advice. Bwhahahaha BwhahahahaTariffs are very bad for the markets. We want our goods and raw materials to be as cheap as possible, not more expensive, cheap steel from china, cheap lower quality goods like furniture Air Conditioners, auto parts, etc etc overall benefit the economy more than they hurt it.
With regards to the economy, there's always a give and take of course some people/jobs will be hurt by globalization, but more will be helped. Pretty much if you are a skilled and educated worker you are better off, if you are a very low skilled worker you are worse off because they will find some illiterate moron in a 3rd world country to do your job for $1/hour. Get jobs skills and you will be fine.
If Trump ramps up his tariffs again, causing China to escalate it would be very bad for the markets and the economy. Powell's aggressive FED is not helping either Yellen was much better at "dovish" hikes and using dovish language to keep markets calm. Trump screwed up big time when he got rid of Yellen.