Maybe you left the /sarc tag off again. If you applied a 45% tariff on all of our imports (about $2.5T annually IIRC) that would theoretically raise $1.1T annually. This effectively be paid by the US consumers. Maybe over time US industry will make the huge capital investments needed to produce the same products and we would see manufacturing growth but US consumers will be paying a lot more for everything they buy. Of course, other countries will likely set up retaliatory tariffs on our ~$2T exports, making our domestic industry internationally much less competitive. So if nobody changed their buying patterns, US consumers would effectively pay a $1.1T tax per year to put $0.9T in the US treasury. That would put a 5% drag on the economy and retire some of the debt. Of course, people would change their buying patterns and the net result would be less pronounced while the tariff wars would be wildly disruptive and create huge uncertainties.
Good to see that somebody knows the time of day.
No it won’t. The whole idea of creating a tariffs on these country looting fraudulent Free Trade laws, will keep entire industries from leaving the U.S. Those already off shore in Commie land will be rethinking where they put their companies.
Btw, the same companies who have zero allegiance to America, who’ve off shored millions of American jobs and entire industries, love all the taxes and regulations back in the U.S. They support them and lobby for them. It keeps their competitors back home in the U.S. in check and behind the 8 ball. Wink wink.