‘Trump’s tariffs are short term pain for long term pain.
Tariffs will raise the price of the dollar, making U.S. exports more expensive. Other countries retaliate, making U.S. products more expensive. Raising the costs of inputs for U.S. outputs makes American products more expensive. This all hurts exports. These tariffs aren’t an export strategy, they are a self-reliance strategy, and self-reliance means a much smaller economy.’