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No it wouldn't. Not the tariffs, anyway.
The US was fine before these tariffs and it'll be sort of fine after
That is way WAY worse is the permanent damage Trump has done to the US, most of it will take decades to repair.
It's image, never was great, but now even the positive aspects are all but shit.
It's soft power, all gone
It's trading; Canada and Europe have started processes of getting rid of business with the US and it will take years before all of it is done, but when it's done, the US will have a shit tonne less trade with the entire world.
It's science: scientists are leaving the US, Canada is poaching doctors and nurses there, and well, one only needs to watch the news. Science in the US is now one of kiss up trump, include religion, or some conspiracy theory.
It's green technology sector: they're even trying to get rid of the wind mills that have already been built FFS.
It's allies: trump had been nicer with its enemies than it's allies and at this point it's quite clear that no one has to expect the US to help out unless they're willing to kiss the ring. Fuck that shit.
The US has destroyed itself within a year. Things were always shit, but people kinda went with it because there were still good parts. All that is gone now.
Its weather forecasting and disaster response systems, all but gone
It's readiness to respond to the next pandemic: don't make me laugh. There will be blood, and lots of it. I'm almost wishing for the next pandemic just to see the US turn into a leper colony while the rest of the world lives on.
Tourism? Who the fuck would want to go to the US now? Come to the US! See our grand Canyon and 50% chance you'll see our torture prison facilities in El Salvador! Canadians and Europeans are staying away and I'm wondering how the next world Cup will do...
Good luck to those still living there, I expect things to get a lot worse in the next decades
Seems more like they're admitting they spent all their political capital, and burned too many bridges with the tariffs. They're afraid Europe, Canada, etc will keep their retaliatory tariffs even if Trump's aren't enforceable.