Hey Michael, I know I could get lost down a Google rabbithole... but what happens with a tariff exactly?
If your peanut butter would normally sell for $5, and it was sitting on the shelves in China for $10... where does that 100% markup go? Does the supermarket in China send $5 to you, and $5 to the Chinese government? Are they effectively making money off your products?
I don't think consumers are ever for tariffs... I think the only people who benefit from a tariff is the exact industry that is protected... who then doesn't need to improve their products or efficiencies because they have an unfair advantage.
In the US the Steel industry is protected by tariffs... but every other company that uses steel in the US is hit by the price increases (either they have to buy expensive US steel, or now pay more for China steel). I think Ford said it cost them an extra billion dollars to make the same number of products... and the protection that the steel industry enjoys now costs other industries (ie, farmers in the Midwest) who then cop tariffs on the goods they send to China.