Are you "series" ?
Lot of tariffs will raise the prices of all goods. So, higher wages and higher prices would at best be a wash, all other things being equal. A second effect would be retaliatory tariffs from countries we trade with, so a new equilibrium would be reached with lower trade and governments skimming more. A third effect would be economic distortions as political clout rather than market efficiency determined which industry got the most protection.
I think these effects would lead to a lower standard of living, not to an improvement for American workers vis a vis the rest of the world.
This is not to say that we shouldn't level the field with countries that levy discriminatory tariffs against our products; I'm just saying that a general high-tariff approach would not be a golden path to a better standard of living.
Sir, I respectfully disagree.
I also believe my point of view will prevail over the next 5-10 years, without regard to who is in power in WA.
The American economy is large enough...and still healthy enough to adjust to 1/10 the amount of trade we are doing now. The result would be millions of US jobs created. Hell, $500bil in annual expenditures for imported oil equates to 500k new jobs...without regard to the trickle down effect...if that same $ value of energy was produced domestically.
Our exports, other than airplanes, tech and agriculture and insubstantial, at best.
Our current-account deficit is 100's of billions of $ annually...and has approached a $trillion.
If you think THAT's sustainable or desirable, you're the enemy.