Hard to say. Joe average is not in my circle of friends but Trump seems to be promoting the theory that foreign countries will be paying the bill so who knows.
See how many businesses close down and how many state employment offices get backed-up. See how few social security offices there will be and how many people won't get their forms through fast enough for Prince Musk.
Now's the time to live with your head up denial singing it can't happen here!
The general public, not the pot bangers, understand cheap imports take away local employment, which is, to the general public, more important than trinkets. Which is more important to the head of a country: employing your citizens or some random country's?
"Federal" about 25,000 and counting. [caveat] until they show their work, then they will be re-instated [/caveat]
Back of the envelope math, if they HAD applied it the same way:
Trade deficit ($2.4 billion) divided by Russian exports ($3 billion) divided by two would be a 41% tariff.
-- Bluesky
What could possibly be the reason the US didn't impose a 41% tariff on Russia?
The penguins can laugh all they like but they won't find it funny when the External Revenue Service calls or they get a visit from more ICE. To El Salvador with you innocent or not!! which in reality is pretty horrific.
Many, because, of course, there are no Federal employment offices to handle signing up for unemployment benefits.
The right wing pot bangers along with their fearless leader don't understand the concept of a global economy and how it's all interconnected and works pretty well to keep prices in a range that's good for everyone. They don't understand that a totally vertical manufacturing system is not the best way to build a product if, for example, you use hundreds of sub-widgets and there is a country that builds millions of them and isn't limited to a solely domestic market.
There are products, like advanced semiconductors, that it would make a lot of sense to build lots more of in the US. Unfortunately, that isn't one of the things Trump is pushing for.
I'm curious how those direct shipped cheap Chinese electronics goodies you get off eBay will be tariffed. Presumably since you are the importer, you'll have to go down to Customs and pick them up and pay the tariff.
Which will presumably be taxed when the parts are shipped to the US. When we finally get into WWIII, it would be good not to have to import missile parts from Germany and Taiwan.