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Tarrifs don't really help in this situation though. The actions of large governments do not affect just themselves, it's affect other countries too. The affects
by fy20 2y ago
Tarrifs don't really help in this situation though. The actions of large governments do not affect just themselves, it's affect other countries too. The affects are much greater than just where to get the cheapest steel. Smart governments can use that to their advantage.
If you look at it from a big picture, one of the major winners of the Ukraine war has been the USA oil and gas industry, as Europe now imports almost 3x the amount of LNG it did before the war from USA [0].
The USA military complex is also doing pretty well, as governments in Europe are allocating more towards defense as Russia seems like a much riskier neighbour than it was 5 years ago.
[0] https://www.bruegel.org/dataset/european-natural-gas-imports https://www.bruegel.org/dataset/european-natural-gas-imports