United States Politics: ∆τ_i*ε*φ*m_i<0 where ε=4 and φ=0.25

[God Emperor Etiolate]

I've watched this and it's become clear, from where I sit, observing my own and others business, that nobody has a clue how tariffs or a tariff war plays out. So everyone is just nervous. When nervous, you bet towards safety, I suppose. 

But I get no sense from anyone that they understand the tariff angle. They're just scared of it because they can't predict it.