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Are you aware that the US did this before (weighted mean tariffs >doubled in Trump’s first term) and it worked well enough that the Biden administration kept th
by owenversteeg 2y ago
Are you aware that the US did this before (weighted mean tariffs >doubled in Trump’s first term) and it worked well enough that the Biden administration kept the tariffs and even increased some?
Also, comparing this to Brexit is absurd. Even putting aside the minor difference between Brexit and tariff changes, let’s compare a small island completely dependent on its neighbors to the US. They could not be more different! UK exports/imports as a percentage of GDP are double to triple the US.