Over the short term? Likely yes. Longer term is not yet clear.
So what exactly are the “free traders” advocating then? That we continue as before?
Well, take that idea around and test it then. Identify those who think non-reciprocal trade is a good idea. The idea that other countries can sell here - but not buy the exact value from us.
Think you could sell our trade imbalance to China if it was reversed?
My my.
