I'm definitely no economist but the current administration doesn't seem to listen to them anyway. To me, this is going to be an extremely high tax on lower and middle income people, as well as small businesses. Most of us buy Chinese products all the time or, at least, ones that have Chinese in the supply chain somewhere. I know there has been a trade imbalance and maybe tariffs is a tool that could have been used, but I learned in high school(maybe in collage too) that it's most effective when you present a united front with other allies. Unfortunately, we really don't have allies like we used to. The current admin has destroyed, or at least highly eroded trust and partnerships we had in the past. By attacking almost every country, we stand truly alone. There was an article about Vietnam recently which explained that because we have/are fighting with them too, they have great leverage to get what they want by leveraging the U.S. against China. To me, we've just given away all our leverage by not being trustworthy and attacking all other countries at once (figuratively, for now at least). I'm simply not hopeful for our future from a majority of citizens point of view. For our GDP per capita, we do absolutely horrible, in what seems like most international indexes, comparatively. The areas we do "well" are not good ones. Like number of our citizens incarcerated. I think we beat China, Russia, and most every country in that. From the perspective of "life, liberty, and the pursuit of happiness", I think we've failed. I don't know, exactly, but from what I've read our Cost/Benefit ratio on healthcare is one of the most dismal in the world. We don't rate well, in almost any category that is a positive for our populous, especially considering our GDP per capita.
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