Comments by "Peter" (@peter65zzfdfh) on "DW News"
channel.
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A trade war is lose/lose. If the US tariffs the whole world and the whole world tariffs back, the US cumulatively has to pay all the tariffs they have against the world, while other countries can freely trade with each other and only have to put tariffs on the one country.
Canada has put tariffs on things they don’t need from the US, while the US has put blanket tariffs on everything including things like car parts, and oil, that the US needs to make cars and refine oil etc to on sell to other countries.
Tariffs are, I will hurt myself so I can hurt you. Both parties lose, but if you don’t retaliate then there’s little chance of stopping someone insane enough to want self harm. Especially those too rich to feel the harm personally.
Basically the more countries put tariffs on the US in response the worse for the US. If Trump just put tariffs of China, not Mexico or vice versa, the US might not lose so badly. But China, Mexico AND Canada, no chance the US doesn’t wind up the biggest loser. Everyone loses, just not as much.
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