But as a trade partner? China, markets love reliability and stability. Not every 4 years wondering if there will be another trade war for reasons unknown.

You'd be very surprised the amount of malicious behavior countries will ignore to allow trade. Look at Saudi Arabia.

As for whether it is better for everyone, that question became a lot harder in just the last year. Who is «everyone»? And what do we mean by «better»?

With the US wanting to annex territory from its NATO allies, and engaging in extortionate tariffs, it is harder to argue that the US is good for Europe. Which is why Europe has already started to look eastward. Starting with a comprehensive trade deal with India.

What’s happening is good for Russia and China. Not so much for the rest of the world.

This all depends on what timelines you work on, how many assets you are trying to protect.

Alternatively you protect yourself by lowering your dependence on steady income.

Sure, it might have been used as a delicate lever previously but in its current brazen form is just bad diplomacy.

> Tariffs haven't just started happening because someone you don't like did them

Nobody said they have, throwing ridiculously high ones with your allies and trading partners is new though.