An essential question is, what is the political angle for Trump and the right wing? They know what they are doing. They know it will cause economic calamity. They often seek to create calamity and crisis - with Covid; spreading fear (of immigrants, etc.), hatred and violence; disrupting health, education, and housing; international peace and security (NATO, Ukraine, etc.). You never see them spreading calm and peace…
I've been thinking about this same thing. Trying to figure out what the endgame is with all of this. I can only come to one meaningful conclusion. Preparing for a future war with China. In that context, everything starts to make sense. The whole point of these tariffs is two pronged. One, make the rest of the world pick a side. And two, attempt to disconnect global dependence on China. Making America "stand on its ow…
Logically this may well push many to greater trade with China.
China has a growing middle consumer class already greater in number than the total population of the USofA. China already has global scale manufacturing in place, now looking for fresh markets as US markets lower demand due to tariffs.
Smaller countries, say Australia, can trade their wagyu beef to China now that the US has tariff'd the US demand down towards zero .. in a number of ways the US has removed itself from global trade which will continue on with or without it.