[rTX5CMRXIfFG]

> Any amount of returning manufacturing here, returning power to the middle class by increasing the demand for labor and stopping the exploitation of foreign workers is a good thing.

I don’t think Americans realize that we haven’t suffered a global war since 1945 precisely because global trade took over and nations’ economies became more interdependent than isolated.

These trade wars are signalling pretty much all countries in the world to become more self-sustaining and less dependent on each other. Countries who succeed will be more confident to enter armed conflict because they’ll have less to lose, and those with lots to gain will have every incentive to start or join a war against those who have resources.

[TheOtherHobbes]

Nothing works without trade now. Literally nothing.

Countries have aligned themselves to maximise Ricardian comparative advantage, and there's no way for the global economy to realign itself towards plain old mercantilism without massive pain for everyone.