| I too have found the discourse around tariffs lacking. This is a common and blatant logical fallacy I see: - Tariffs are bad. They hurt the country enacting overall it in the long run. - It's correct to respond to the US tariffs with tariffs in response. Additionally, people seem to not understand that a country that exports more to the US than it imports stands to lose more when the US/that country have the same level of tariffs. At a large scale, if global trade breaks down the United States will be comparatively (not absolutely) better off because they can support themselves (consumption, food, raw materials). None of this is an endorsement of tariffs. I think the US is in a pretty good spot and things could get a lot worse. Tariffs absolutely will make expensive things more expensive, and it will hurt. But the discussion I've seen online has reduced itself to some sort of weird orthodoxy that doesnt even make sense. |
I feel like China is going to be the biggest winner of this tariff war.
Just as an example (from Canada), we had long had a 50% tariff on Chinese EVs which helped U.S. EV manufacturers stay competitive. Now I think we're going to relax that (which IIUC was only implemented to appease our relationship with the U.S. in the first place) and cheaper Chinese EVs should start appearing on the market.
Good for Canadians, good for China. Not as good for the U.S.