You wrote:
“Not at all good for our middle/working classes.
Because our middle/working classes don’t benefit from inexpensive imports. Got it.”
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Middle/working classes do benefit from inexpensive imports when they have income to buy those imports. Once they are out of work, they can no longer buy even the inexpensive imports. During the Great Depression, prices of everything plummeted, but few people could take advantage of that.
Excellent.
Once they are out of work, they can no longer buy even the inexpensive imports.
I know, 4.7% unemployment rate and rising wages. Terrible.