It could be worse. Countries could apply sanctions against America and all the stores shelves in America would be empty. Most of America's products are products it rebrands from other countries. e.g. the iPhone is the Samsung Galaxy series of phones rebranded by Apple.
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We had tariffs until NAFTA in 1996. How did we become the world’s Super Power when we had tariffs? Let’s not forget the elephant in the room. China has had tariffs, and they are growing fast. Explain that one too.
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Globalization process is slowing down by this.
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It only affects the elite and the countries that have been ripping off the USA for decades.
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