I'm no fan of tarrifs, I know who pays the final bill. However, we can't all be short sighted by focusing on the cost of one product or one industry. Ultimately, private American companies are losing a vast amount of sales opportunity to China and the world due to their aggressive sales tactics, denial of imported American goods, and UN violations of copyright law.
Yes the tarrifs are bad, but sometimes you accept the lesser of two evils. In America's case, our politicans have recently just been too cowardly or too paid-off to do anything about it.
We even see problems in our own industry. Chinese printers and software completely ripping off copyrighted designs without any respect to international agreements on patent law. Eventually that is going to hurt us here too.
If American corporate leaders are losing all these sales opportunities, how is it that our GDP has remained fairly steady year after year since globalization has started even though our percentage of the global GDP has steadily dropped? Its probably because they have their fingers in so many multinational subsidiaries that money and capital really doesn't know national boundaries anymore. With headquarters, banking, investments, etc. located around the globe, there really are very few truly "American" large companies anymore.
The genie will never be put back in the bottle and you aren't going to reverse trends now being buoyed by the buying power and influence of 2 billion newly conscripted mass consumers in India and China.
Its an interconnected world and none of us individually are responsible for the long term trends occurring here and abroad. Collectively though, our buying habits, apathy, ignorance of economics and our political choices have enormous influence on these issues. Where this whole exercise breaks down is in the rapidly destabilizing effects of extreme income and wealth inequity here in the U.S.
During the 50's-70's when our global dominance was unquestioned, top tax rates were in the 75-90% on very high incomes above the first several million earned, union membership was substantial and the ratio between executive and average worker pay was roughly 30 to 1. Now its 400 to 1 and both corporate taxes and high income tax rates are a fraction of what they were during that greatest era of economic expansion. Rebalancing those factors will only do so much before more automation and he climate crisis makes us all rethink what "work" actually is.