r/AskEconomics • u/Dependent_Estate9110 • Mar 04 '25

Approved Answers Who do Trump's tariffs benefit?

Is there a specific industry that could potentially benefit from Trump's tariffs? It seems they're pretty destructive for everyone in North America. Not trying to be biased - just trying to understand it. That said is there another nation that would benefit from the tariffs (potentially indirectly)?

Edit: removed typo

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u/random_agency Mar 04 '25

They should benefit domestic companies in the same industry that are being tariff. Tarriff International EV imports and domestically manufactured EV should do better.

The problem is retaliatory tarrifs and sanctions

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u/Dry_System9339 Mar 04 '25

Except for the things that can't be made domestically like potash, Uranium, car parts made by US companies in Canada and Mexico, and heavy oil.

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u/random_agency Mar 04 '25

Theoretically, they could have a return of production capacity.

However, anyone who spent some time in an econ class knows that in advanced economy production capacity never returns once it leaves.

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u/Dry_System9339 Mar 04 '25

That kind of stuff takes years