[ivell]

> They can be used to gently (as compared to sanctions) shift demand away from a particular country

That works when those countries are selectively tariffed while others are let off. Blindly applying tariffs to whatever satisfies the mood is not the way.

> or alternatively to apply pressure to a sector to bring it on shore.

For this to work, the cost of onshore production must be lower than the tariffed price. The inputs must be made cheaper and not tariffed. Again the US administration is not doing any of these strategically.

[fc417fc802]

Agreed. I wasn't meaning to imply anything one way or the other about the current US tariff regime.

> The inputs must be made cheaper and not tariffed.

Not necessarily. It's presumably not as efficient, but you'd still expect the entire chain to head in the desired direction eventually.