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bydrnb ( 2434720 ) writes:
So he's doing the same as the first term. Note that those first term Chinese tariffs were kept by the Biden administration. An administration that had a tendency to undo anything Trump did.
Maybe things are more complicated than some are portraying?
Maybe, just maybe, a retaliatory tariff is warranted when you truly face an abusive trading partner. Sort of like the textbooks say. But people somehow forget when the name "Trump" is involved. If any other President confronted China and threatened retaliato
byBishopBerkeley ( 734647 ) writes:
Please do explain tariffs on all the other countries.
bydrnb ( 2434720 ) writes:
Please do explain tariffs on all the other countries.
There is not one universal protectionist tariff. There are individually determined retaliatory tariffs at levels proportional to a specific nation's barriers (tariffs and other mechanisms) to US trade. Each individual tariff subject to independent negotiation.
byWaffleMonster ( 969671 ) writes:
There is not one universal protectionist tariff. There are individually determined retaliatory tariffs at levels proportional to a specific nation's barriers (tariffs and other mechanisms) to US trade. Each individual tariff subject to independent negotiation.
"Using his IEEPA authority, President Trump will impose a 10% tariff on all countries. This will take effect April 5, 2025 at 12:01 a.m. EDT."
https://www.whitehouse.gov/fac... [whitehouse.gov]
bydrnb ( 2434720 ) writes:
You missed " that is driven by the absence of reciprocity"
and "will impose an individualized reciprocal higher tariff on the countries"
and "will remain in effect until such a time as President Trump determines that the threat posed by the trade deficit and underlying nonreciprocal treatment is satisfied, resolved, or mitigated"
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byWaffleMonster ( 969671 ) writes:
You missed " that is driven by the absence of reciprocity"
You asserted it was not a universal protectionist tariff and I cited the Whitehouse saying that is exactly what they were.
I suppose someone can take issue with the protectionist part. People can have different subjective assessments about the reasons for them however Trump himself has consistently and repeatedly justified his tariffs in the context of bringing back manufacturing so in my view the argument they are not intended to be protectionist is a load of BS.
What is an objective fact is the imposition
bydrnb ( 2434720 ) writes:
You missed " that is driven by the absence of reciprocity"
You asserted it was not a universal protectionist tariff and I cited the Whitehouse saying that is exactly what they were.
They are not really universal. Their end is individually negotiable.
I suppose someone can take issue with the protectionist part. People can have different subjective assessments about the reasons for them however Trump himself has consistently and repeatedly justified his tariffs in the context of bringing back manufacturing ...
That is one part. Overall there is addressing barriers of all kinds. Some increase in US manufacturing is a side effect of eliminating barriers.
What is an objective fact is the imposition of the universal tariff itself. This can't be waved away.
Again, you did not read you own citation.
"will remain in effect until such a time as President Trump determines that the threat posed by the trade deficit and underlying nonreciprocal treatment is satisfied, resolved, or mitigated"
Will impose an individualized Higher tariff means the individualized tariffs are in **addition** to the universal tariff imposed on "all countries".
Again, above, that base 10% is part of individual negotiations.
and "will remain in effect until such a time as President Trump determines that the threat posed by the trade deficit and underlying nonreciprocal treatment is satisfied, resolved, or mitigated"
What is the relevance?
It
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