In the end, the great tariff war of 2020 didn’t last long. Just as Canada was about to announce its own round of tariffs on products made with American aluminum, the Americans announced Tuesday that a deal had been reached.
But the whole ordeal serves as a reminder of two key things: Tariffs may be dumb, but that doesn’t mean they’re going away any time soon.
Why are they dumb? Perhaps Canada’s deputy prime minister put it best:
“The U.S. is taking the absurd decision to harm its own…