This escalation does not bode well for anyone. A lot of Americans have been bamboozled by Trump's bombast, but taxing trade is the opposite of promoting free markets and prosperity. Trump thinks he's somehow being "fair" by imposing tariffs on countries that tariff US goods already, but then he conflates taxes and trade deficit in some kind of nonsense formula to justify his policies.
And the spending still increases.
We're still taxed at the state and federal level on wages, investments, property, purchases, license fees, and so much more. The tariff burdens are just one more burden on the average American when we're already struggling with the consequences of inflation.
And they want to add war with Iran to the mix, too.
We're in a bad spot.
A war with Iran might be to take focus and stimulate military spending. More debt to pay the bills.
The trade deficit thing is insanity. Do they expect small countries that ship to the US, to buy more than they sell?