Are the new tariffs the first real test for Trump loyalists
If these new tariffs work as intended, they will have been a bold move that fixes something that is broken. It is the first thing that Trump has done that may require a bit of suffering from the producing half of the electorate, to fix a long term problem, for years to come. Tariffs on steel mean higher prices for everyone, as businesses will pass on the extra expense to to consumers, rather than take the entire loss upon themselves.
Some will pass half of it on and absorb the rest, themselves. But some will pass on the whole amount, and add a little bit of extra profit for themselves, because they can blame Trump for it. Either way, it means higher prices that may cancel out the recent tax cut that has raised Trump's poll numbers, and dragged Republicans in Congress up a little bit, too. The opposition knows this and will exploit it to the max, colluding with China and Russia to crush it. European, Canadian, and Mexican governments may 'eat the pain,' this time, because it will have Trump more vulnerable than he has been on any other of the promises that he has tried to keep. If they give in, and allow him to win his gamble, there will be no stopping him in his "Make America Great" strategy.
Hang on tight, and hope he's right, I reckon.