That was not hard to see coming. Placing tariffs on everything imported in the short term is going to raise prices and that is going to slow the economy a bit.
Bartiromo: "We are waiting any moment now to get the jobs number for the month of June. The expectations call for the numbers to be up 95,000. Right now seeing the number -- actually, uh, showing a decline in jobs, uh, down 33,000, uh."
Long term (~5 years), they may, if targeted correctly incentivize on-shoring of some manufacturing.