I’m an economist myself but not too accustomed to tariffs except knowing they’re inefficient unless there are some particular reason for them, in small scale. But you don’t need to be an economist to understand that the freer the market the better.
My question here is what would the effect be if no country retaliated vs the American tariffs. Since this is a just a tax domestically and the American economy is mostly based on imports, how would this particularly affect the other countries? I don’t even think it would matter that much actually. Thoughts about this?