Back to economy. I have spurred with people who think tariffs will bring back the jobs and make America stronger in the long run. We already have one of the lowest unemployment rates in the world at around 4%. Will bringing back the manufacturing jobs make people switch from their higher paying service jobs to lower paying manufacturing jobs or are we just trying to find jobs for the 4% that's unemployed? Is reaching full employment even possible? Why does America need to compete with the likes of Bangladeshi and Vietnamese laborers?
They say, well, we need a fair and balanced trade. They are putting tariffs on our products, so we need to retaliate until they come to the table. The reason these poor countries levy tariffs is to tax their rich on imported luxury goods. In Honduras, they charge ~40% tariffs on imported golf cart, not because they want to help their local producers. It's to tax their rich. They don't make golf carts. I think a lot of people, who never lived in those countries, understand this.