The U.S. is the world’s largest consumer market by a factor of 3. So it’s more accurate to say “Give me what I want or I’ll take away a sizable chunk of your customers, potentially causing you financial ruin”
You and I both know that the U.S. won’t just magically and instantly stand up its own production to replace your countries market, but in this case he just needs American companies to start importing from a different foreign country with lower tariffs. The effect this has on your country depends on how much your country’s GDP comes from exports to America, but it’s potentially very harmful.
As an American this sucks because long term, long after this dude is gone, our trading partners will have already adjusted who they’re exporting to in order to absorb a loss like this, and I doubt that’d change for decades.
European markets don’t tend to send the US products it tends to be services. There isn’t anyone else at least there isn’t anyone else who doesn’t already also have tariffs on them.
He went to tariff with mad a little while ago and decided to put tariffs on everyone including nations who’ve never traded with the United States because they have a population of six people and 3,000 koalas.
The U.S. is the world’s largest consumer market by a factor of 3. So it’s more accurate to say “Give me what I want or I’ll take away a sizable chunk of your customers, potentially causing you financial ruin”
You and I both know that the U.S. won’t just magically and instantly stand up its own production to replace your countries market, but in this case he just needs American companies to start importing from a different foreign country with lower tariffs. The effect this has on your country depends on how much your country’s GDP comes from exports to America, but it’s potentially very harmful.
As an American this sucks because long term, long after this dude is gone, our trading partners will have already adjusted who they’re exporting to in order to absorb a loss like this, and I doubt that’d change for decades.
European markets don’t tend to send the US products it tends to be services. There isn’t anyone else at least there isn’t anyone else who doesn’t already also have tariffs on them.
He went to tariff with mad a little while ago and decided to put tariffs on everyone including nations who’ve never traded with the United States because they have a population of six people and 3,000 koalas.