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Oh I did miss that, thanks. Are you saying the Norway rate violates the trade imbalance -> tariff formula that was published? I haven’t seen any reports on tha
by pfannkuchen 2y ago
Oh I did miss that, thanks.
Are you saying the Norway rate violates the trade imbalance -> tariff formula that was published? I haven’t seen any reports on that. I clicked GP’s source but I can’t read it due to language difference.
This would be anti trump so I assume the media would be yelling about it, but maybe I missed it.
If that’s accurate though then I agree that it is confusing. Please contribute more details if you don’t mind.
- magicalhippo 2y ago> I clicked GP’s source but I can’t read it due to language Sorry, been spoiled by Firefox's local translation feature so I just assumed language wouldn't be an issue. I rephrased it, but here's the opening remark translated: The United States is one of Norway's most important trading partners. Over the past few years, Norway's export value to the United States has been around NOK 60 billion, or 3 percent of total goods exports. We imported US goods worth NOK 82.7 billion last year, which constitutes 8 percent of total imports to Norway. The underlying statistics are available in English here[1], table 5. [1]: https://www.ssb.no/en/utenriksokonomi/utenrikshandel/statistikk/utenrikshandel-med-varer https://www.ssb.no/en/utenriksokonomi/utenrikshandel/statist...
- verzali 2y agoThe formula defaults to a minimum of 10%. If you are in surplus or have a deficit under 10%, you still got 10% tariffs.