Few of us here would call $1000 smart phones cheap or even reasonable. Doubling their costs via tariffs or by rehoming production would price many people out totally. And it isn't just about "cheap consumer goods". Many imported products go to businesses, to include manufacturers, who sell their creations here and export internationally. The number of people engaged in this business dwarfs those employed in "manufacturing", so it is a fool's errand to just support manufacturing jobs in a vacuum of knowledge as to the overall effects of tariffs on the economy.
I'm not American, but well said.
As you say, I wonder how many Americans - and Europeans! - truly understand that our addiction to getting consumer goods for less - and our companies getting juicy profit margins - is helping China bootstrap its way to challenging America and perhaps superseding it to being the world's dominant power.
But we'll have reasonably priced consumer electronics so that will be OK, right?
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