[alfiedotwtf]

The thing that I still don't understand is:

  - These tariffs are permanent to rebalance trade
  - These tariffs are temporary to use for negotiations

If they're permanent:

  - US companies build factories
  - Manufacturing comes back to the US
  - China is left manufacturing what the US can't do locally
  - China will dramatically up cost of resources US can't source elsewhere
  - Nobody wins

If they're temporary:

  - China waits out the storm
  - Prices revert back to the mean
  - Nobody wins

So either way:

  - Countries have divested US exports
  - US has lost long term income
  - US has lost soft power (and eventual hegemony)
  - There's now a lot of pissed off people

Even looking at what's happening to Las Vegas, the number of pissed off people will likely go up even if tariffs went back to before or brand new trade deals were signed across all trade paths let alone even a handful.

I'd be keen to know your thoughts. And thanks - I just added the Miran paper to my Kindle, so thanks for the reference!