Contrary to a widely held view, Mexico, Canada and individual EU countries have leverage America’s Achilles’ heel is its highly internationalized oligarchy: a small group of ultra-wealthy individuals whose fortunes depend on access to global markets.

The most effective countermeasure is simple: tariffs for oligarchs If Tesla wants to sell cars in Canada and Mexico, Tesla – and its main shareholder, Musk – should be required to pay extra taxes in those countries Concretely, condition market access to Musk paying a wealth tax

Unlike traditional tariffs, an oligarch tax targets those who benefit the most from globalization: billionaires and the corporations they control It would impose high costs on the de facto current US administration