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The goal isn’t to repatriate low value manufacturing, it’s simply to create negotiating leverage to discourage other countries from applying asymmetric tariffs
by scarab92 2y ago
The goal isn’t to repatriate low value manufacturing, it’s simply to create negotiating leverage to discourage other countries from applying asymmetric tariffs on the US.
It doesn’t make sense for the US to allow other exporters in other countries free access to US consumers, while other countries charge US exporters for the same privilege.
- ricardobeat 2y agoWhat countries were applying “asymmetric tariffs” to the US before? I think you misunderstood the message you’re trying to stand behind: when they talk about reciprocity they mean trade deficits (as if that made sense), not import tariffs. The majority of the world had very low import taxes on US products before this happened, and now they are only going up.
- Peanuts99 2y agoTrade deficits are not tariffs, the average tariff paid by the US to the EU for goods for example is around 1%.