You are assuming the tariffs will stay in place for a predictable enough duration that anyone will invest in rerouting trade through those countries. That is very unlikely while Trump rolls the dice anew every other week.
Trump is deliberately choosing chaos as a strategy, but his goal is quite clear.
Biden didn’t roll back a lot of Trump’s tariffs, so I am assuming these tariffs could easily extend beyond Trump.
Since the US economy will be paying the price on the short term, the situation next year and beyond will be that the US best interest would be to not rollback anything without trade partners offering concessions.
It’s mostly the other way around: Americans want products from the rest of the world.
But to answer your question directly: there are products which only the US makes, but more importantly, if American products become cheaper due to a weaker dollar, then people will buy them. That’s what Trump is hoping for.
The countries with the lowest tariffs will become connector economies. Whether governments want it or not, there is just too much profit to be made.
This is why Trump is specifically targeting those countries, but then other countries will take their place.
And the end game is, Trump can succeed, but not without a global recession and much higher prices for Americans.
You are assuming the tariffs will stay in place for a predictable enough duration that anyone will invest in rerouting trade through those countries. That is very unlikely while Trump rolls the dice anew every other week.
That’s a bit optimistic.
Trump is deliberately choosing chaos as a strategy, but his goal is quite clear.
Biden didn’t roll back a lot of Trump’s tariffs, so I am assuming these tariffs could easily extend beyond Trump.
Since the US economy will be paying the price on the short term, the situation next year and beyond will be that the US best interest would be to not rollback anything without trade partners offering concessions.
Why? What American products do we want?
It’s mostly the other way around: Americans want products from the rest of the world.
But to answer your question directly: there are products which only the US makes, but more importantly, if American products become cheaper due to a weaker dollar, then people will buy them. That’s what Trump is hoping for.
Yeah.
And again, the US was a legendary tariff dodger back in the day. It’s like our claim to fame. The irony is tremendous.