I’m not sure how to answer that. But given that we have them, I do hope they make our economy better by reducing unemployment and inflation while maintaining or increasing our standard of living.
That being said, I’m not sure if “success” for the tariffs as defined by Republicans will actually accomplish those things. Say there is a world where we somehow do bring all of that manufacturing back to the us (is that the goal? I think so, but I’m actually not sure). We don’t have the population to actually accomplish all of that manufacturing, and we are aggressively kicking out a lot of the people that would perform those jobs. Unemployment is low, and there is no way all the rural and trailer park folks will start working in factories placing tiny screws in computer chips. I get that republicans will want to start to look at child labor and reducing worker protections, as we have seen that in Florida, but that just feels crazy backwards.
It is a moot point though. While I still don’t get what the tariffs are trying to accomplish in the end, they are only hurting Americans now. We haven’t seen it much yet, because many companies imported a bunch of goods in preparation for the tariffs. But once that inventory starts to get low, it’ll get tough. Unless Trump just declares victory and reverses course.