So a flat import tax for everything then in other words?Secondary tariffs means tariffing countries like China for doing business with Iran. You already see the signs of this being implemented against China where you heard that Trump wanted Canada and Mexico to match US tariffs on China from their end. If one of the ways they say China is insulating itself from being tariffed by the US is by expanding trade with others, Trump wants other countries from trading with China.
It’s obvious that rare earth supplies are very important to Trump. Why not China just stop selling them to the US? Who cares if the US gets them from somewhere else. They’ll costs so much more for the US or whoever else they get to process them. Then also like oil as a commodity China can flood the market making them cheap killing any company supplying the US.
It’s not like China can’t use them for their own advanced technology.
Means speadrunning poverty. People cant afford goods, slowing local innovation rate. All money is spent on rent and groceries, leaving nothing left for science/infrastructure/education, thus when education lags, the next generation does not get the tools to stay competitive, so even more money needs to be paid for the same or comparable results. This eventually causes widespread poverty and uncompetitiveness.

