I feel like China is going to be the biggest winner of this tariff war.
Just as an example (from Canada), we had long had a 50% tariff on Chinese EVs which helped U.S. EV manufacturers stay competitive. Now I think we're going to relax that (which IIUC was only implemented to appease our relationship with the U.S. in the first place) and cheaper Chinese EVs should start appearing on the market.
Good for Canadians, good for China. Not as good for the U.S.
A small and often overlooked one is that a Chinese hegemony would decrease the língua franca status of English.
I don't really care so much for the "lingua franca status of English" (even though it's the only language I speak fluently). While yes, this is one of Canada's main languages (not that we don't have a lot of Cantonese/Mandarin speakers too), China itself would be a good example that one can succeed without speaking the language which has the "lingua franca status"
Perhaps it's worth noting that the number of fluent Mandarin/Cantonese speakers in Canada is probably not much lower (as a percentage - ~4% in 2016 and I can imagine it's only increased since then) than the number of fluent English speakers in China (5%)
edit: 4% is actually the number of Canadians who spoke Mandarin or Cantonese as a first language in 2016 (which again, is likely higher now). The number of fluent combined Chinese language speakers is almost certainly higher then, even if just a little bit.
You have a huge unrecognized privilege in being a native English speaker.
To cling to the idea that English need continue to be the most important global economic language though, is a type of linguistic and economic supremacy I don't care to partake in.
The same logic applies in the real world. It’s not personal. It’s the most impersonal thing possible.
They could be a beneficiary if global trade doesnt go nuclear. And it probably wont. If it does they are in big trouble.
Trade wars are like regular wars, in that respect.
edit: lots of evasion from this point below
Regardless, you support the US enacting reciprocal tariffs right? That seems to be what the principle you stated yourself dictates.
I recognize that. It just has no bearing whether or not the US should enact retaliatory tariffs. Does he believe the US should enact tariffs to meet the tariffs other countries already have on the US? He can evade and resort to accusations of xenophobia all he wants but that is the question I'm posing.
I think its poor because people see tariffs not immediately derided and they swoop in to denigrate them. Please re-read my entire comment.
We have these claims:
- Shooting someone is absolutely bad in all scenarios
- Its correct to shoot someone if they are trying to shoot you
I agree with the second point completely. The problem is if you say that, you should go back and revise the first point, because clearly its not absolutely bad.
In the case of tariffs, once you acknowledge that reciprocal tariffs are good, you run into a problem because the US generally has lower tariffs on other countries than other countries have on it.
- Tariffs are bad. They hurt the country enacting overall it in the long run.
- It's correct to respond to the US tariffs with tariffs in response.
Additionally, people seem to not understand that a country that exports more to the US than it imports stands to lose more when the US/that country have the same level of tariffs.
At a large scale, if global trade breaks down the United States will be comparatively (not absolutely) better off because they can support themselves (consumption, food, raw materials).
None of this is an endorsement of tariffs. I think the US is in a pretty good spot and things could get a lot worse. Tariffs absolutely will make expensive things more expensive, and it will hurt. But the discussion I've seen online has reduced itself to some sort of weird orthodoxy that doesnt even make sense.