They are going to tear up trade deals and start putting big tariffs on imports. Which will result in retaliatory tariffs being applied on US goods going abroad. It's a worry for a company I work for given 80% of our manufacturing is US based but sales are 50% international. Retaliatory tariffs could allow competitors to take over those international markets. Then what? Do we instead move manufacturing out to those countries? A possibility but I'm not important enough to make those decisions.
The flipside is we report to the street in USD so while all this happens the dollar may very well get slaughtered and we'll "win" on the exchange rate.
It'll be interesting to see how companies respond but there is a very real chance their plans to "save" american business is going to result in far more shuttering of factories than openings of new ones.
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