Comment by Guvante
8 hours ago
The US imported $3.3 Trillion in 2024 and had goods value add of $4.9 Trillion of which $2.1 Trillion were exports.
Given generally speaking imports and exports tend to be distinct products we would need to add 118% goods production to not need to import.
The US isn't capable of doing that in even a decade.
And it is going to impact everything because unlike most tariffs which exclude manufacturing goods this set hits everything so you cannot competitively produce things unless the entire production chain from raw materials is in the US.
big bulk importers (e.g. walmart sources) already have infrastructure to deal with import duties so its not like trade is going to come to a halt. IIUC realistically its small shippers that are going to get whacked like aliexpress or temu, shein.