No. of Recommendations: 5
More broadly, my sense is his nibs is using tariffs to shift more tax burden from the "JCs" to the Proles, which is an entirely different program, than using tariffs to offset the labor cost difference.
Sort of, just ask Switzerland - one of the (probably the) most expensive country in the world - enjoying the privilege of a 39% tax, errm, tariff.
From observations, his Durchlaucht is using tariffs for wealth transfer at home, for blackmail / to support political friends (ask Brazil or India), and in the hope to attract manufacturing back to the US. Of course, to the extent the latter got achieved, the former upsides would vanish, but then, consistency is overrated anyway.
