Just because businesses / wall street doesn't like something doesn't mean it's necessarily good for every day Americans. The tariff vision of on-shoring manufacturing and reliving the glory days of the post WW2 era was rooted in fantasy. The US simply cannot compete given its labor costs and actual manufacturing know-how.

Perhaps this is an overdue wakeup call, and a freak out is in order regarding this reality but unconstitutional tariffs alone were never going to solve this problem.

If the US really wanted to make a durable shift to manufacturing, presidential tariffs by fiat aren’t a good strategy anyway. Tariffs could be a small part of that strategy but they should be targeted, not broad, and enacted by congress so businesses have the kind of decades-long stability required to invest in factories that take years to pay off.

I was watching the Olympics. They have these really cool drones that follow the skiers down the slope at 80 kph. Chinese drones...

If only you knew how bad things really are.