Cameras and bicycles are my two main hobbies. Essentially zero US production for either. Prices have gone up, but for no good reason - there's no US industry to protect.
Limited, highly-targeted tariffs can serve a purpose. But the blanket stuff we've seen this year make zero sense at a macroeconomic level.
The Trump trade policy makes no sense and has been horribly executed on op of that, but I think that in the long run moving away from a policy of "as much cheap stuff for consumers as possible no matter the externalizes" will be a good thing.
That strikes me as something akin to the broken window fallacy. Tariffs are absolutely market-distorting and absolutely lead to higher prices.
We absolutely should be leveraging lower cost of labor overseas to build cheap stuff. If there is concern about other externalities (pollution, slave labor, etc) then address those directly with sanctions, targeted tariffs, or something else.
I've yet to see a good argument that overconsumption is bad (in a general economic sense). If we're overspending (not saving, or over-leveraging) then address that directly (not via tariffs). If it's a pollution argument, then address that directly. Etc.
Nope. Japanese guitars are substantially higher quality and at lower prices than U.S. made guitars.
I'm still waiting for you to describe how this makes sense. The U.S. doesn't have the industries the foreign market has.