Low Tariffs were used as a tool to keep inflation, money flowing and garbage out from the USA and whatnot’s, because the USA has kicked the can very far down the road, Now to reverse is fine, yet to make a grandstand out of it is why we have so many problems in the first place…
USA/West is nothing but a Bandaged Circus of a Grandstand Country…
Why did we not do all this back when Ross Perot said that we better wake up?
Perot did not believe in Grandstanding, but he did believe that we could salvage the USA, if we got going when he talked about trying to salvage the USA. That “giant sucking sound” is what he said…
Sometimes better late than never just does not cut the mustard and in this case even the mustard has gone rancid…
Looking like USA Middle-class is done for and the great divide of money and power will become a Grand-canyon…
Soon in the West: 1% will own 99% of everything and the 99% will fight each other for the remaining 1% of everything. – kKEETON…
Funny thing, Russia don’t give a damn about USA Tariffs. Why? Because Russia does not trade with the USA for basically anything at all…
But as for Tariffs? The USA lies as always…
https://ustr.gov/issue-areas/reciprocal-tariff-calculations
Executive Summary
Reciprocal tariffs are calculated as the tariff rate necessary to balance bilateral trade deficits between the U.S. and each of our trading partners. This calculation assumes that persistent trade deficits are due to a combination of tariff and non-tariff factors that prevent trade from balancing. Tariffs work through direct reductions of imports.
Trumps numbers are lies and they use lies to produce the numbers that Trump lies about. Example China and EU are said to have 67% and 39% respective against USA and they both are under 10% in actuality against the USA. But hey look! A squirrel…
WtR