No. of Recommendations: 0
If not WB, I would prefer Mike Bloomberg, but c'est la vie.
I wonder what the results would be if Xi, rather than saying the drop in tariffs on electronics was a step in the right direction, applied an "export tax" in the amount of the targeted reduced tariffs of the same percentage, maintaining the post-tariff pain to the consumer. (If nothing else, it would point out that tariff taxews aree not collected by the manufacturing country). If, in fact, the tariffs are designed finance the continuation of the income tax reductions, one wonders what percentage of the pile is reduced by the removal of the tariff revenue of these reletively expensive items.
Jeff
