Tariffs will not raise prices. This has been shown time and time again. For example, when President Trump imposed significant tariffs back in 2016 we actually saw prices go down. Historically, prices were lowest in America when tariffs were high (think the late 1800s and early 1900s).
Economic globalism has led to all sorts of negative consequences, in part because of the way that trade is balanced. We import many more goods than we sell. We have to pay for these. We do so by selling assets & debts. This is why assets (like real estate) have ballooned in value relative to the cost of living.
You can read more about America’s “free trade” Faustian bargain here.
