Global equities markets plunging, some into “correction” territory, and unlikely alignments of onetime allies questioning American trade policy — since President Donald Trump announced last week high tariffs on goods from all countries, financial turmoil is everywhere.

But are the tariffs in the long run, as Trump claims, simply the strong “medicine” the nation needs in order to nurture a better economic future for all Americans?

That’s our Question of the Week for readers.

And there’s another possibility some throw into the mix with the question: Are the higher-than-expected tariff percentages in the end just good negotiating tactics that may well lead to lower tariffs from other nations on American goods they import, and thus fairer world markets?

But if that strategy doesn’t work, and it would certainly be at best a gamble, will the current economic malaise lead to an imminent recession and hard times for all Americans?

Or are the hard times more likely to be felt by the already affluent with plenty of excess funds available for passive investments in the stock market, while the tariffs may well succeed both in foreign companies investing in U.S. manufacturing and domestic investors returning their money to strictly stateside businesses?

Would that be good for more quality jobs for future generations?

Or, as the comic Dave Chaoppelle joked last week, is that scenario both unlikely and unappealing? “Hey, I want to wear Nikes — I don’t want to make them.” And, he scoffed, who wants to pay $9,000 for an iPhone just to have it made in America?

On Monday, the CEO of JP Morgan Chase., a longtime Trump supporter, said he worried that recent tariffs will likely increase inflation and hamper growth. They are “causing many to consider a greater probability of a recession,” Jamie Dimon said. How far would the stock market indexes have to fall before Trump reversed course on tariffs and tariff threats? He told a reporter Sunday that asking about Americans’ stock market losses was “a stupid question.” Where will this end?

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