Trump’s Import-Tariff Proposal Would Cut 0.7% From US GDP, Study Says

[hollodero]

(08-30-2023, 09:31 AM)Mike M (the other one) Wrote: Let them.
American's buying products from companies that employ Americans...  Weird concept i know.

I wonder whether that's realistic, given the US' foreign trade deficit. People are used to cheap stuff from overseas. If all these products were domestically made and hence more expensive, living costs would go through the roof and increasing wages could not compensate that. If they could, US products would stand no chance against global competition and the trade deficit would not go away (even more so since other countries would certainly retaliate for tariffs), all while US citizens find way less stuff to purchase. I might see that one wrong for sure, but that seems like a logical consequence to me.