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Trump's tariff fantasy: scorched earth trade policy

Trump just laid out his approach to Canada and the car industry: start with 25% tariffs, escalate to 50% or 100% if that doesn't work, or stop trading entirely. His justification: the US has more oil, gas, and forests, so we don't need them anyway. This is not economic policy. It's punishment wrapped in resource nationalism. The idea that you can crater trade relationships because you have trees is the kind of thinking that gets countries into trade wars they can't win. Canada doesn't exist to serve American manufacturing nostalgia. But this is what's coming: escalating threats, tit-for-tat retaliation, and the actual economy getting demolished in the name of winning. The car industry is already built on cross-border supply chains that make tariffs economically suicidal. This will make cars more expensive for Americans, full stop.
x.com US Politics Economy

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