He did that temporarily with tariffs on China. Tariffs over 60% are essentially a trade embargo since thats a cost that’s too rich for companies to eat and would make imports too cost prohibitive to meaningfully compete with domestic alternatives.
Any tariff that high is a bluff. Essentially all his tariffs are a bluff, a type of ‘worst case scenario’, so that when he strikes a ‘deal’ (no matter how meaningless), he can declare victory. He’s a TV personality. Its all for show.
The working class in the US is in for some real pain. Its too bad that so many of them voted for this.
As a Canadian, a little part of me wants him to increase the tariffs even more, to 100%, 200%, 300%, maybe more.
I want the lessons that Trump-voters are currently being taught, by the free market, to be as unambiguous as possible.
He did that temporarily with tariffs on China. Tariffs over 60% are essentially a trade embargo since thats a cost that’s too rich for companies to eat and would make imports too cost prohibitive to meaningfully compete with domestic alternatives.
Any tariff that high is a bluff. Essentially all his tariffs are a bluff, a type of ‘worst case scenario’, so that when he strikes a ‘deal’ (no matter how meaningless), he can declare victory. He’s a TV personality. Its all for show.
The working class in the US is in for some real pain. Its too bad that so many of them voted for this.
Tie the highest possible tariffs to corporate sponsors of his regime, then you can punish the responsible people more effectively.
I wish our governments (federal, provincial, and municipal) were more surgical, but that might be too much to ask.
Frankly, I think even retaliatory tariffs are dumb.
Let the free market deal with it: if Canadians can’t get as much American money selling to Americans, they probably won’t buy as much from the US.