Yes, that’s mostly what I mean. I think it was a smart strategy. The world is addicted and dependent on their manufactured goods, and while the US tariff regime has been a bit haphazardly implemented, it’s ultimately the right move if you want to protect domestic industry.
Mexico recently applied 50% tariffs on Chinese imports. Of course other countries without a trade deal also were slapped with tariffs, but they were broadly targeted at China because Mexico’s president is handling Trump much better than, say, Carney.
Mexico recently applied 50% tariffs on Chinese imports. Of course other countries without a trade deal also were slapped with tariffs, but they were broadly targeted at China because Mexico’s president is handling Trump much better than, say, Carney.