Trump has created another "crisis" that he can attack, thereby saving America from a fate worse than death by increasing our regressive taxes on the poor, which is exactly what tariffs do. China will do the same. Trade, which creates wealth, will slow, and disappear in some sectors. This will spread throughout the world, like it did in the 1920's. None of this is going to bring back jobs for which foreign countries pay wages of $5 per day. In the end, Trump will do like we did in Viet Nam and declare victory. Meantime, the real problem of skyrocketing American debt which is all owed to China and Japan, will quietly destroy the economy of this country. Trump, who ran on the promise to erase the deficit within 8 years, never mentions it anymore, and will not do anything about it. Agriculture foreclosures will climb. Auto sales have already started to decline. A trip to Walmart for groceries and school supplies will go up 30%. Coal is still a dead industry. Seniors on fixed income are SOL. Rental prices are already quickly becoming unaffordable. The Middle Class continues to disappear, while the rich, who make income on their capital, instead of work, will continue to get richer. Finally, the WH will continue to whine that Trump should receive the Noble Prize for economics.
