Comments by "Aaron Okeanos" (@AaronOkeanos) on "EU to impose counter tariffs: How ripple effects of US tariffs shake global markets | DW News" video.

  1. The problem with isolationism is you have to keep up the barriers indefinitly. If you remove them and you compete with the world market again your own industry suddenly becomes too expensive and thousands of people losing their jobs again. It would be much cleverer to keep barriers down with markets with similar cost problems/production prices to have extra capacities available to you if needed.
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  2. You comparing apples with oranges here. US imports largely luxury cars not made in the US. In turn the EU wants to protect their own normal car production. But if you want to raise it to 10% be my guest.
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  3. Yes. America has tarrifed the EU with 10% on steel and aluminium.
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  4. Making steel in America is more costly which in turn means all industries down this supply chain will have to raise prices for their products as well. So tarrifs or more domestic production you have higher costs. It forces you to raise tariffs on those products as well to protect your domestic production. And exports of those goods have a higher prices which lowers export demands. It is a disaster no matter how you look at it. Unless you stop exporting alltogether and only produce for the domestic market.
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  5. So this is why everybody bankruns in Russia.
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  6. All of Americas problem are homemade. The wish to exploit your workers as much as possible lead to consumption side problems making you vulnerable to sudden tarrifs and strangle your internal market. The wish to produce more than you need domestically for even more profits makes you vulnerable to the world market price, tariffs and sanctions and supply chain issues.
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