From Penn Wharton :
"Larger tariffs would also decrease international capital flows, reducing worldwide demand for U.S. Treasuries. This is especially costly under the nation’s current baseline debt path, which is increasing faster than GDP. U.S. households would need to purchase more bonds, requiring bond prices to fall (yields increase), domestic capital investment prices to fall (the marginal product of capital increases), or both. Even conservatively assuming only domestic capital investment prices fall, the reduction in economic activity is more than twice as large as a tax increase on capital returns that raises the same amount of revenue."
From Harvard Business Review :
" But by starting a trade war on all fronts—a 360° trade war—the U.S. may receive global and cumulative blowback, while other countries will only see an impact on their trade with the U.S. Fighting a narrow trade war is not the same as fighting one on all fronts, as the impacts of both supply and demand shocks accumulate. "