Call the tariff a 10% sales tax...Minimum.
China understands...They are dumping treasuries to keep the 10 year yield high.
The tariffs will benefit Mexico. Still.
USD being the global currency means our economy gets offshored/depressed over time. They will probably create a USA only dollar and an outside USA dollar that will be priced differently. The "Eurodollar" needs to be drained to take back control of monetary policy and SOFR replacing LIBOR is a good first step...The tariffs will help even more.
MeThinks the tariffs will bankrupt the European Union and UK...I think that's the plan. The City of London (the autonomous city within London) is a plain 300 year evil. Time to dust off the Monroe Doctrine and take Canada and Greenland away from our European colonizers
Trump/Powell/Dimon/Nutlick knows who are real enemies are and it ain't Russia or China.