>>213863929
American consumers paying 2-3 times more for their products isn't a win, especially when their wages will barely increase because their bosses prefer doing stock buybacks.
>>213865932
>Countries' trade surplus with America is reduced
>other countries hold less American dollars
>they invest less of those dollars in American treasury bonds
>America has to offer higher yields to get people to buy their debt
>America's tax burden increases
>America enters a debt spiral and defaults
That's more likely to happen.