Here's the problem: hurting the group you hate doesn't necessarily help you. When the stock market collapsed in 1929, sure, there were a couple famous cases of bankers who committed suicide, but most rich people were diversified in their assets and did fine. The bulk of the actual pain fell on working people and the poor, and suicide rates actually went up among those groups, not among the rich.
You can't assume what's bad for Wall Street is good for Main Street. It's not that simple. Shit rolls downhill, so any radical attempt to inflict pain on the wealthy classes will inevitably hurt working people more.
You can seem to want to intervene in the economy to produce a society that's better for the average person -- I applaud that sentiment. But I'm wary of half-baked attempts to turn back the clock, because you *can't*. Contrary to myth, the US actually manufactures more stuff than it did in 1990. What's collapsed is manufacturing employment. Back in 1990 you could, as a semi-illiterate high school drop out, get a job at a factory shoving pieces of metal into a machine, or running a sewing machine, and that job would pay a modest middle class wage. Those jobs are never coming back. If the tariffs ever get high enough to offset Vietnam's lower wages, we'll be buying sportswear made by robots rather than by armies of unskilled Americans running sewing machines.
In many cases the attempt to address trade "deficits" don't even try to turn the clock back. They're trying to correct trade "deficits". Take Cote d'Ivoire -- the country that supplies about half of our chocolate. Americans now are paying 21% tariffs on that chocolate. Why? Do you think Americans will suddenly find employment growing cacao beans? Do you think Cote d'Ivoirians, who earn on average 144 bucks a week, will start buying American aircraft and pharmaceuticals?
Worrying about the money flowing out of the country in a trade "deficit" is irrational, because goods of equal value are flowing in. The reason more money is going out than goods is that we're rich and can buy more things than our trading partners can. If we raise the price of chocolate, coffee, and bananas to the point where Americans can't afford to buy them anymore, do you really think that makes us better off?