EU for example bulged for exactly this reason and accepted 15% one-way tariff for access to US market. Before the deal the uncertainty about the level of coming tariffs was deemed worse for European companies trading to US than the negotiated tariff itself.
European political leaders including the head of NATO have also practically turned to giving rimjobs to Trump's ass wishing he would not throw tantrums at them in important meetings: https://www.bbc.com/news/articles/c17wejpw79qo
Ultimately this all just strengthens US hegemony and makes other countries weaker, which is the explicitly stated goal he keeps repeating..
Throwing away 80+ years of mostly-Republican soft power and foreign policy seems foolish. Making it difficult to ship or sell to the US only makes sense if they want to detach from the world's economic system. They're welcome to try to be Tibet, but folks might find it difficult to get what they want. And losing the reserve-currency status for the USD will hurt. So will being unable to (easily) sell debt.
There is really no downside at all for Trump. If it actually starts hurting US economy at any point, he can easily just signal reversing the policy and everyone will let out a big sigh of relief and markets rebound. If it causes some long-term harm for US, he will be long gone by then. But if he is succesful in establishing a new US-first world order he will be forever remembered as one of the greatest American presidents in history.
I'm not sure where to start with giving you sources for actions being taken because it seems that you want things to have already changed before you believe it. You've surely read any the strengthening of intra-EU defence arrangements? Things like that mean that in the future the US won't be able to bully for leverage like they are today. It's short term versus long term thinking.
Also not sure what "actually starts hurting" the economy means. Is the hurt that's been caused so far not actual hurt? No true Scotsman economics.
Trump does have additional leverage in the fact that the dollar is the global reserve currency, but he's actively testing how much friction he can introduce into the global trade system before that changes.
On that note, it's interesting that every country Trump has targeted for higher tariffs (China, Brazil, India) is a member of BRICS.
I haven’t seen an explanation of how this works as far as the current tariff methodology goes.
What's good for America is protecting her people's liberties and increasing their satisfaction in life. The first is clearly going downhill; Trump's plummeting popularity amongst his followers suggests the second is, as well.
Given his history of failed businesses and association with a known pedophile, what seems more likely?
In reality, all federal revenue - whether from income taxes, tariffs, or any other source - flows into the U.S. Treasury and becomes part of the general fund. Tariff money doesn't create a separate pool of funds that the president can spend at will. Just like with tax revenue, any spending of tariff proceeds requires congressional appropriation through the normal budget process. The executive branch cannot spend money that Congress hasn't specifically authorized, regardless of the revenue source.