Since the tariffs target the whole world, my responses look at imports rather than constraining to China.
> How many American houses are built in China?
Roughly 30% of the softwood lumber consumed in the US is imported, and Canada accounts for over 80% of those imports. Other key suppliers include China, Brazil, and Mexico. And that’s just lumber.
The US now imports 1.5 million metric tons of rice. See trend:
> How much American electricity is produced in China?
Generating and distributing electricity requires equipment. More expensive (or hard to acquire) equipment means more expensive energy, affecting just about everything.
Also: some US electricity actually is produced in Canada. One option that seemed to be seriously considered early in this whole dust-up was Canada cutting off electricity supplied to the US. It would've caused chaos in the Northeast.
I think they only pulled back from doing that because it probably would have fairly-directly killed quite a few people.
That begs the question why electricity is cheaper in many countries which have the highest tariffs in the world?
My original questions were of course rhetorical, shining a light on the matter that neither the US nor any country in the world lives only on imported goods.
Since the economy, trade, and production is completely interconnected in a modern, industrialized world, then any changes in policy will have widespread effects. Including good effects.
> How many American houses are built in China?
Roughly 30% of the softwood lumber consumed in the US is imported, and Canada accounts for over 80% of those imports. Other key suppliers include China, Brazil, and Mexico. And that’s just lumber.
The US now imports 1.5 million metric tons of rice. See trend:
https://www.statista.com/statistics/806643/us-rice-import-vo...
> How much American electricity is produced in China?
Generating and distributing electricity requires equipment. More expensive (or hard to acquire) equipment means more expensive energy, affecting just about everything.