First...what the fuck are you doing up at 5 a.m? Oh...wait...you're a new father!
We are now losing a trade war, so to quote the Orange Special Needs Clown....'what do we have to lose?' . Yes...it will lower the standard of living, as many will now have to buy only one pair of $125 sneakers, as opposed to three. And those are the people on Welfare.
Everything will be more expensive...I'll grant you that. But, in this country, we don't know the actual cost of anything, as most of what we consume is subsidized by the taxpayer.
When the cost to manufacture here is almost the same as the cost to manufacture overseas, we'll see a better economy.
Or...proper use of the import tax money could create better paying jobs here, so people could afford to pay twice the price for overseas goods.