Kitchener, Waterloo, Cambridge and Brantford most vulnerable to tariffs

[Kodra24]

The Chinese example is perhaps the best one. They were remarkably poor generations ago, then massive investment brought manufacturing.

Now that their wages and standards of living are improved immensely, the manufacturing isn’t as compelling and is moving away to south east Asia and India for the next captive labour force and cheap resources.

The USA used to be the cheap resources and manufacturing source for Europe too - until they weren’t. It’s a normal cycle - we are all living in it. Trying to nail Jello to the wall and pretend like economics doesn’t apply to us is a fool’s errand.

I agree with your assessment but would like to add that the US and Canada have tremendous natural resources, many European countries do not nor does the EU as a whole (the EU can be a topic for another day, it's literally facing an existential crisis)

Along with technological innovation, energy is the cornerstone for future growth and the US is finally realizing the importance of strategic assets to protect its interests