Coercive Tariffs Aren't Sanctions

Completely setting aside the question how you impose a tariff selectively on some EU members (a lot of French wine is going to be entering the USA from Irish ports), and setting aside whether EU states will use the so-called ‘Trade Bazooka’ against America, and setting a side whether King Charles is taking a Grand Cross of the Order of St Michael and St George to Washington with him, and setting aside what more price rises will mean to the American economy, what is the effect of raising tariffs on European goods? Money flowing to China, that's what. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit nusbacher.substack.com/subscribe