Ok but you have not refuted any of my points so let's just leave it at that. Trump is not doing individual deals so he fails your test. We have less bargaining power now that emerging countries have enough buying power to take exports we tariff away.
I do however think you are entitled to your opinion but NOT to your own Facts:
Key Findings (Tax Foundation)
- We estimate that the Trump administration’s imposition of tariffs, along with retaliatory actions taken by our trading partners, will reduce economic output, income, and employment.
- The Trump administration has so far imposed more than $88 billion worth of new taxes on Americans by levying tariffs on thousands of products, which is equivalent to one of the largest tax increases in decades.
- Tariffs imposed so far by the Trump administration are estimated to reduce long-run GDP by 0.26 percent, wages by 0.16 percent, and employment by 198,700 full-time equivalent jobs.
- The administration’s outstanding threats to impose additional tariffs would, if acted upon, further reduce GDP by 0.24 percent, wages by 0.17 percent, and employment by 184,200 full-time equivalent jobs.
- The negative economic effects of imposed, threatened, and retaliatory tariffs threaten nearly a third of the projected long-term economic gains from the Tax Cuts and Jobs Act..
Estimates of the average gross annual cost of tariffs levied in 2018 through the first half of 2019 tend toward $800 per household. Estimates of net costs vary more widely. When setting aside policy uncertainty, they vary from about $60 to $500.
OR
FORBES The Trump administration argues that its deregulation efforts have boosted the U.S. economy. However, new research shows the tariffs Donald Trump has imposed on steel and various imports from China will soon overwhelm the economic benefits from the administration’s regulatory policies.
OR
President Donald Trump has promised throughout his presidency to revive American manufacturing by putting punishing tariffs on foreign competition.
But a new study from the US Federal Reserve suggests that his efforts have backfired — and that the manufacturing sector is worse off than it was before the president began his protectionist trade policy.
Facts > Opinion
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