Good points above.  Money supply.. velocity are the key.  How much exposure we have to the rest of the world's economies.. If China sneezes.. does everyone else catch a cold.. after Covid we know what supply chain disruptions can mean.. I guess that's gonna be more of the norm?

My question.. and the answer is probably political expedience.. Trump only has 4 years.. 2 before he loses the House..

However, why didn't they go to Congress.. set up a gradual decade long plan to increase tariffs.. year 1.. 1%, 2%, 3% .. and ramp up to.. 25% or whatever.

You can't "re-shore" in a week or even a year.. but if the writing is on the wall.. businesses would adjust.. build factories.. hire workers etc.

under this "shock therapy"  will some businesses go under before they can "re-shore?"  It seems too drastic to expect much within a single 4 years to me.

China has been effective.. because of a master plan.  Even though we are different i believe this could have been "planned better" through a phase in and coordinated policy.. tax breaks etc.

Someone was talking about the loss of 5 million manufacturing jobs.. since NAFTA.. in Ag weve probably added that or more?  The big push was for most favored trading status for China when I was in college.. soybean exports basically went from nil to 40% or more of the crop.. Rup Ready, the massive investment in equipment.. land values increased.. tax revenues.. property taxes.. new schools.. etc.. alot came off that "rising tide."

it would seem that with nearly full employment.. and kicking out hispanics.. where will we find the employees to do this new work?  Stretched out longer.. yes.. but in the short term.. no way.

Also it would seem that we have more than 5 million jobs at risk..