3 ms·
Maybe there are some products that this argument works for, but certainly not footwear I'm sure. The US exports ~1 billion worth of shoes per year, and imports
by myrmidon 2y ago
Maybe there are some products that this argument works for, but certainly not footwear I'm sure.
The US exports ~1 billion worth of shoes per year, and imports ~25 billion (mainly from Vietnam and China), according to https://www.usitc.gov/research_and_analysis/tradeshifts/2023/footwear https://www.usitc.gov/research_and_analysis/tradeshifts/2023...
I also think the argument is bad in general, because more/similar exports than imports would only really hold for the countries least affected by the new tariffs, anyway.