The admin officials talking about using tariffs to return manufacturing to the US a.) do not know anything about trade, b.) do not understand how tariffs work, c.) do not understand how global supply chains work, d.) do not understand what a modest percentage of overall output, trade or jobs... ...are related to manufacturing, e.) do not understand why that percentage has steadily fallen for decades, f.) do not understand the role of technology and productivity in reducing the number of manufacturing jobs, g.)do not appreciate the value of the service sector in post-industrial economies... h.) do not understand how trade balances work and why certain companies have massive advantages in specific sectors or sub-sectors, i.) do not understand that it is perfectly healthy sometimes to be running a trade deficit, j.) do not care that tariffs are not just taxes they are regressive taxes... k.) do not recognize that if manufacturing were returned to the US it would lead to massive increases in the cost of goods because of the costs of production in the US, l.) do not appreciate how open global markets have benefitted the US more than any other nation for decades... m.) are trying desperately to recreate a time when jobs were crappier, paid less, and we were a weaker, smaller economy, n.) do not seem to understand the basics of economics, o.) do not seem to understand the basics of history... p.) do not understand how alienating our allies and principal trading partners weakens us, r.) do not understand that our rivals will eagerly seek to take advantage of our erratic, hostile, bullying trade policies, s.) do not understand that the Trump tariffs are destroying one of... ...America's most valuable assets, the trust other nations place in us and the value they placed on the US having been a partner on which they could depend, t.) do not realize that in addition to the inflation the tariffs will drive that inflation will keep interest rates up and thus slow growth, u.) do not seem to want or appreciate the benefits of a strong dollar or of the dollar as the world's reserve currency, v.) do not understand how their tax cuts for the rich will increase the deficit and force the US to borrow more and more from overseas, w.) do not understand how other countries will step in to fill the void created by costlier US products and that markets lost may never come back, x.) do not understand the potential costs to the US of the retaliatory tariffs of other nations, y.) do not recognize that market shocks caused by... ...terrible trade policies like those we are seeing will eliminate retirement savings of Americans thus making them less inclined to spend which will constrain US growth (and that's before Trump Social Security and Medicare and Medicaid cuts undercut retirement savings further still)... ...which could stunt US growth for many years to come even as it consigns tens of millions of Americans to poverty and suffering, and z.) don't seem to appreciate that such actions will not only weaken the country but that they will have dire political consequences for Trump & the GOP. That's A to Z of Trump's Tariffs. But, believe me, it is only scratching the surface of what's wrong with these policies and the cocktail of other terrible economic, social and international policies that they are a part of. Which markets clearly understand and Trump and Team MAGA clearly do not.