Wilbur Ross at Davos asked a brilliant question to a panel that was complaining about possible US tariffs. He asked them to name one country in the world that is less protectionist than the US. Crickets.
Doesn’t the shipping country have to pay the tariff? If China or Korea sends us steel with a 25% tariff, doesn’t Korea have to pay an additional 25% tax?
I assume you saw the article (Might have been Rush) discussing how China imports Steel to the U.S. through Mexico. With Canada and Mexico dragging their feet on renegotiation MAFTA, Trump did two things, issue the Trade tariff "bomb" and announce his 2020 re-election campaign .
The MAGA train is not stopping - waiting Trump out may prove dis-advantageous to the rest of the world.
Italy elections today - results may prove interesting