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It's astonishning that we are discussing a price hike of asian made mass-market products (effectively your entire Amazon or Wal-Mart inventory from floor to ceiling) of 10% or more, and that's "just 10-13%" now? As if that alone wouldn't be felt more than the 2008 financial crisis in the pockets of Americans.

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The problem is less that we’ll feel a 10% or even 15% price hike on foreign goods, but that we are so reliant on foreign manufacturing to begin with.

Why is that a problem? For some critical goods (Food, Medicines, Defense) it's a security risk to not have a supply. But for flip flops and umbrellas, no country is somehow better off by having thousands of factories, instead of doing what the US does: selling high value goods and services and importing the low value goods.

In fact, it's the opposite. Those industries are much more polluting per dollar GDP created, and that externality is something you are happy to not have on your own soil.

Or the inflation worries with 8% inflation

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