@akkartik oh, god no. please see the prior piece. https://drafts.interfluidity.com/2025/04/01/if-we-werent-idiots-balance-of-payments-edition/index.html

bilateral, as opposed to overall balance, is stupid to purse. tariffs are a terrible means, certainly to pursue balance (to which they are entirely ill suited), for the most part even for industrial policy (which they are better suited for and do perhaps arguably have some role).