Most people hate and ridicule Donald Trump’s universal tariffs. But if there is a silver lining, it’s that they expose the hypocrisy and self-defeating internal trade barriers that countries or trading blocs have built up over a long time, resulting in a huge drag on their own economies. That loss in potential earnings could equal or even exceed the tariffs Trump has imposed on them.
This has been the case, for example, in Canada, China and the European Union. The tariff crisis has brought…
