Rich people will just not buy the third luxury car or fourth vacation home when their stocks crash 40% and Walmart Sneakers are $120. Poor people will lose their jobs, apartments, food, meager comforts, and lives when everything is twice as expensive. Even if American Foxxcon factories with suicide nets were a real possibility (they're 1000% not, we don't have the population to work them at any real scale, don't have anywhere near the unemployment levels, and no Zoomer or Millennial is going to screw in sprockets for 12 hours for $10 or even $20hr), it'd take years for these sweatshop to be built. America would have to regress to 1930's salaries and quality of life to close these supposed trade deficits with Vietnam and Cambodia who earn 50 cents and hour. All so he can fund 0% income tax to the professional class earning $300k - $500k/yr salaries which they'll invest 90% of in foreign markets.