2 ms·
One thing I don't understand. US is much bigger than most countries. Why would a country the size of Belgium (~12M people) needs to import as much as it export
by tinyhouse 2y ago
One thing I don't understand. US is much bigger than most countries. Why would a country the size of Belgium (~12M people) needs to import as much as it export from the US in order not to have tariffs > 10%?
- bitshiftfaced 2y agoYou could flip this around. Why would a country the size of Belgium need to export as much as it imports from the US?
- tinyhouse 2y agoNot sure I'm following. Isn't that supply and demand?
- bitshiftfaced 2y agoWhat I'm saying is that if total exports to the US is a function of the difference between the US and Belgium population size, then why wouldn't imports be a function as well? Belgium has less people buy things to import, but also less people to sell things to export. It's not clear to me what the mechanism is that these two functions should be so different.
- timbit42 2y agoCanada has only 41 million people, 1/8.5th of the US population, but it's a big country so it has lots of resources to export.