It's just going to be a game of whack-a-mole as production and dumping shift to the less taxed countries. In the end, manufacturing won't shift to the US while labor costs are too high for factory workers. And the only way to remedy that is tanking the currency.
It's obviously the only real end game to this policy. Asia needs to divest itself off US bonds, which China has been slowly doing the background of late. No matter how it plays out, it's looking like higher interest rates, inflation, and foreclosures for everyday citizens and SMEs are going to be on the cards for the US, and it's going to take something akin to religious faith for people to tolerate the hardship on the way to this promised renewed prosperity.
