as expected, the us tariffs on steel and aluminum went into effect. or more accurately were made official in a special show-like announcement with workers parading their hard hats in the white house...
what's next ? i'd really like to know how the trump advisers lined up their game/strategy, if there is one, to counteract the inevitable pushback from all over the world. to complicate things, mexico and canada were made exempt, albeit temporarily, which only accentuated the typical american approach - negotiating with someone, BUT only with the gun at their had. that is, if the ongoing nafta negotiations wont produce the america-desired outcome, boom-boom, there go the tariffs on canada and mexico...that's what trump said.
unfortunately, i lack the ability to entertain a plausible NEXT turn of events since i am not an expert...
still since i play chess, i always try to guess the next move. in this case, it seems, the trump advisors grand strategy is a bet that the export-driven economies like germany, china and korea will blink first. as they have more to lose in a tit-for-tat race to the bottom. that is, the advisers told trump i recon, they stand to stall their entire exports if they dare to challenge the us....
this line may indeed work, but i think it underestimates the degree of irritation with the american arrogance currently marching across europe and, more importantly, the us own gigantic vulnerabilities. particularly, in the areas like the almost monopoly (with notable exceptions) on weapons exports to the nato...turkey just showed the way. not to mention the europes ability to virtually shut down boing, apple (and several other IT giants) in favour of eurobus, samsung etc...if anyone thinks, that china with its infinite patience and huge resources is going to dance to american tune,know little about their ways...
the voices that it was the americans at large that benefit from cheaper exports aren't prevailing...it is indeed a dangerous race to the bottom that trump just started. we'll see.