I mean I think an effective 60% increase in the cost of oil and gas for Trump is a lot more ruthless than some terrifs on luxury goods, which seems to be the current preferred option, as Amarican industry and Trump’s base is going to care a lot more about that than an slight decrease in Canadian sales.
Moreover, if you halt exports altogether than US companies just substitutes alternate suppliers, export taxes by contrast are far more likely to result in Us companies paying the higher fee in hopes that things will return to normal soon, and thusly have more of an impact on prices in the US.
Do Japan and Italy just not count as part of the world? I mean Japan took over half of Asia and the Pasific while Italy took the Mediterranean countries. Germany took over part of northern Europe and helped a bit of North Africa.