One camp thinks that tariffs will be the magic bullet to resurrect U.S. manufacturing dominance. The other camp sees tariffs as a misguided gambit likely to send the U.S. into stagflation. Reality, like most things,

Speaking as someone who's not a fan of free trade, I have to be honest here: A 20% across-the-board tariff on almost all imports, that would be horrendous for the economy,” Jim Cramer said on his CNBC show this evening.