We have known since Bastiat that this makes both sides poorer, because it also clobbers your export industry due to retaliation. And, unless you're willing to forgo iPhones and petrol, you're dependent on imports anyway.
I think many people who argue for "protectionism" and the like would find that an acceptable price to pay. See the other comment about "relative status". I think many would like to have less in an absolute sense if that meant they were relatively less poor than "the rich".
Now I, personally, think that's just rose-tinted glasses. For example, nowadays, farmers in France have it rough. But I doubt that some peasant from 2-300 years ago actually had a better life and had less wealth difference compared to the upper-class of their time.