I am not certain this is a great idea, but I’m certain Trump will use it as a point of leverage in individual trade negotiations.
He now has something they do not like and would like to end. To do so, will require them giving up something.
Trump created a crisis for Demonrats regarding DACA by ending the program. It brought Demonrats to talks.
He is threatening to end NAFTA to bring Mexico and Canada to the table. Canada is hit with this Tariff on steel and aluminum... and has more incentive to strike a deal on NAFTA that is favorable to our interests.
Always risks, but Trump seems to weigh those - indeed, be more aware of them than others. I see this in a broader way than creating tariffs only and a trade war.
I would not be surprised if Trump communicated to Canada’s Dancing Trudeau and with China before they were put on n place.
Time will tell.
He now has something they do not like and would like to end. To do so, will require them giving up something.
What if they call his bluff and we are stuck with much, much higher prices which a lot of Americans cannot afford? It’s always good to buy American but the cost is usually higher. We have to decide if we want to pay $7000 for an American made BBQ or $5000 for an identical product from China. As un-American as it might sound, I go for the $5000. My reason, beside saving money, is union workers command far too much wages over non-union. I think a better solution is to bust up the unions with right to work laws.
I could be wrong; I know nothing about economics other than keeping my family budget balanced and pay ZERO interest for credit.