Correct me I am wrong, but from this side of the pond it seems that tariffs are being presented as some kind of dollar generator, with Trump declaring yesterday, that they are raising 2 billion on a daily basis. Surely, no cash has been raised for the US, at all. The 2 billion is an extra cost to every American consumer who buys any of the imported goods affected. Either the American importer will absorb some or all of the tariff cost or it will get passed on to end buyer in the shop. Certainly a possible disincentive to import such goods, but not a short term dollar raiser. I think somebody should tell America that it is actually a new government national tax, and they are the ones being "ripped off".
To repeat the obvious, it is going to take years for US manufacturing to fill the eventual gap created by importers who stop, or reduce their volume buying from exporting countries suffering from the tariffs, and then there is no guarantee that Americans will like, afford or want their own particular versions of the goods they used to buy from abroad, unless of course they are basic necessities. The big boy exporters like the EU & UK, Asia, Canada etc, who trust each other, are already talking about a new trading alliance that excludes America (who cannot now be trusted, sadly), perhaps even China would want to be allowed in. The smaller exporters will still do Trump's deals on his terms, but that might not be enough to prove his strategy is valid, if anyone could call it that.
