What I dont understand is why there was a need to trick people into thinking we are just putting matching tariffs on countries who tariffs us. If you want to do tariffs, do it. But they are literally lying about what others are charging us. It's not, we'll Country X charges us 10% so we will charge 10%. They used a mathematical formula based on the trade deficit. And the US is always going to have a large trade deficit with everyone. You know why? We are a huge wealthy nation. Our 330 million people buy more and can afford more than Cambodia's 17 million people. So of course, the trade deficit is massive. Using this formula to justify 49% tariffs on clothes and shoes coming into the US from Cambodia seems like something that would get you an F on a Econ 101 paper. It's just so stupid. Cambodia has an 8% tariff on US exports and if you want to charge them 8% on US imports, ok. But using the trade deficit to justify a 49% tariff is beyond ridiculous.
This is like saying Allegheny County needs to tariff Fayette County more because AC imports way more cheap FC goods than AC exports to FC. The reason for this is because Allegheny County is much larger and wealthier than Fayette County. AC has more "customers." AC would always imports more from FC than they export to FC's small, poorer population. But then to turn around and say that because of this trade deficit, we need to tariff all FC goods coming in, that just means AC customers pay more and for no good reason.
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