4 ms·
The label "tariffs charged to the US" is just straight-up wrong, either due to incompetence or malice (likely to justify the high tariffs). But basing the tari
by n2d4 2y ago
The label "tariffs charged to the US" is just straight-up wrong, either due to incompetence or malice (likely to justify the high tariffs).
But basing the tariffs on import/export ratio makes sense if your goal is to be a net exporter with every country, as it discourages imports until that's the case. It's still somewhat arbitrary though; my guess is that the White House is pursuing that goal mostly for political, not economical reasons.
- sorcerer-mar 2y agoIt's because he thinks trade deficits are somehow a subsidy. He has literally used the terms interchangeably. He's just dumb.
- myvoiceismypass 2y agoI would love to hear the plan on how the US can be a net exporter of coffee with, say, Indonesia (32% tariff). Perhaps we can take the funds from the tariffs and build mass greenhouses?
- bitcurious 2y agoWhy do you think the plan is to export every single good? The calculation is clearly on the total import/export balance.
- dfadsadsf 2y agoWe do not have to be net exporters of coffee - Indonesia can buy US cars, corn and wheat for example to balance trade.
- sorcerer-mar 2y agoAh yes, all we have to do is drive US wages so low that Indonesian wages can employ Americans just as readily as our wages employ Indonesians.