[aceofspades19]

On what sort of basis do you make the claim that the US is on track to be the only 1st world consumer driven economy 5 years from now? What do you mean by a 1st world consumer driven economy, as opposed to what exactly?

I do agree that having tariffs on certain items to encourage domestic production definitely does work. The tariffs have to be consistent and on things that can actually be produced in the country.

The issue with Trump's approach is that its not consistent, has nothing to do with which products can be made domestically. Changing tariffs daily/weekly/monthly is not going to encourage domestic production.

[eru]

> I do agree that having tariffs on certain items to encourage domestic production definitely does work. The tariffs have to be consistent and on things that can actually be produced in the country.

Compare and contrast https://en.wikipedia.org/wiki/Import_substitution_industrial...