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I think the problem is that it's not actually reciprocal. The numbers in the first column appear to be inaccurate and misleading. For example, The South Korean
by mkw5053 2y ago
I think the problem is that it's not actually reciprocal. The numbers in the first column appear to be inaccurate and misleading. For example, The South Korean average tariff rate on imports from the U.S. is approximately 0.79% [1]
[1] https://www.korea.net/Government/Briefing-Room/Press-Releases/view?articleId=6091&type=N&insttCode=A260122 https://www.korea.net/Government/Briefing-Room/Press-Release...
- TheAlchemist 2y agoIt's wild, but the numbers they showed as tarrifs are calculated in the following way: US trade deficit with a country / country's export to US. This is computed only on goods, excluding services.