2 ms·
> not Singapore or Australia These only have 10% reciprocal tariffs applied so I used it as the example. Paying 10% is a lot easier than dealing with the Canad
by re-thc 2y ago
> not Singapore or Australia
These only have 10% reciprocal tariffs applied so I used it as the example. Paying 10% is a lot easier than dealing with the Canada and Mexico deal, which is more likely to change.
> It is unclear how removing U.S. components from products would reduce U.S. tariffs.
US components need to pay tariffs since the US cannot produce that component whole in the US completely. Removing them makes it cheaper.
> it is clear to me that China is losing in such a scenario, since they cannot tariff the non-Chinese components anymore
Why do they want that? Who wants tariffs? Every economist says that random use of tariffs has an adverse impact.
China hasn't been paying tariffs to the US either. Most proper engagements have been re-routing. Only US small businesses suffer (since re-routing is harder for small businesses).