No. of Recommendations: 3
It's a bit more complicated than that.It always is.
So this isn't really about equalizing actual tariff rates. The Administration wanted to charge a very high tariff on imported goods, and has come up with some derived figure that has no relationship to actual tariffs in order to convince people who don't dig into it that this is reciprocation.So it's all a lie to tank the US economy, then.
Or maybe...there's something here. Were you aware that Biden collected more tariff $$$ than Trump did?
taxfoundation.org - Biden trump tariffsTrump collected ~$90Bn in tariffs. Biden $144Bn.
At any rate. I've said this before: Trump is putting the economy on a war footing. Does that mean we're going to war? No. What it means is that we're
in-sourcing critical things...just in case.
