The tldr version imo of tariffs is to ask yourself if their should be tariffs on Chinese evs and work backwards from there to every other industry. The more de

The tldr version imo of tariffs is to ask yourself if their should be tariffs on Chinese evs and work backwards from there to every other industry. The more detailed answer boils down to if you as a business can save 1% producing a product by buying a widget you need from overseas, that's what you'll do. So instead of a domestic company paying employees in your country all through it's supply chain, it all goes overseas. This costs you as a business 1%, but in theory has a large enough economic impact to benefit the country overall.