A trade and devaluation war with the rest of the world would crush our economy. Need to make the USA a worthwhile investment place again by eliminating environmental extremism and socialist tax policies.
Barbra Streisand. Nothing is crushing USA more than hemorrhaging $800,000,000,000 EVERY YEAR in trade deficits.
That is the chief reason why middle class manufacturing jobs have gone to foreign countries.
What is urgently needed is fair trade, balanced trade. If that requires tariffs, impose tariffs.
I would rather get my middle class manufacturing full time job back, than working in 2 part time jobs with no health insurance and no retirement benefits. I much prefer to pay more for American made stuff with my higher earnings than be forced to buy cheap stuff at Walmart.
It would crush the rest of the world before it would crush the domestic economy. Not saying it's a good thing, but please be realistic. We're by far and away an importing nation. We hold the cards, here. Access to our market has been practically given away, with no consideration regarding access to other markets in return. That's just stupid. It's going to change.
We have been in one for 30 years.