Comment by IX-103

Yes, but it's even worse than you think.

As these countries move away from the dollar, there becomes a glut of US dollars in the world, triggering inflation like we have never seen before. Ignoring the barriers to trade that the tariffs represent and what that will do with our productivity. Ignoring the additional cost of an uncertain market future (because all decisions are made from the gut and could change tomorrow). The massive stagflationary impact of foreign countries unloading the 75% of US dollars they hold would effectively kill them US economy. The tariffs wouldn't even matter because you effectively couldn't give US dollars away -- they'd be worthless internationally. No one that is not rich could afford to import anything.