If policies such tariffs weaken the process of wealth formation and undermine individual well-being, obviously this is bad news for the economy as a whole, which President Trump holds as number one on his priority list. President Trump is of the view that, through tariffs, he can make the US economy prosperous. Ludwig von Mises said the following,

At the bottom of the interventionist argument there is always the idea that the government or the state is an entity outside and above the social process of production, that it owns something which is not derived from taxing its subjects, and that it can spend this mythical something for definite purposes.