It gives a quite transparent off-ramp: if you start to cooperate, I will cooperate.
There's no point in not playing tit-for-tat in this situation, not retaliating is a losing strategy.
but the problem is the real game being played is different because the political process ends up diverging from maximising value in the economy. the free trade argument is this is because the political process is captured by concentrated interests who benefit from tariffs to reduce competition. the deadweight loss caused by tariffs to the rest of society is not properly accounted for in the political process because the cost is diffused over many people. other people who accept the text book comparative advantage argument but reject free trade will claim to have a different optimisation function that is not purely maximising value in the economy. for example maybe they think its important to have a strong manufacturing base in order to make it easier to re-arm to fight a conflict.
but if we accept this situation then its difficult to say what the optimal strategy is because you don't really know the payoff matrices for the players. even what they tell you could be a lie and might be difficult to derive what their values are based on their actions.