I'm not a fan of them at a fundamental level, but thats something I haven't seen noted before. Thats important to take note of for when people just parrot the tariff calculation part. Still weird how he marketed it though, being very misleading about the calculation.
Honestly, most of the calculation is, most likely, simply the trade imbalance with the nation in question.
If this is the fact of the matter, that's actually better because a nation with tariffs could remove them saying "ta-da" and then simply provide their domestic industries tax breaks, incentives, subsidies and so on achieving the same end.
The whitehouse wasnt misleading about the number, trump and the rest of the administration was clear this was not just tarrifs, its all the reporting and discussion that was misleading, most of which was intentional.
31
u/YesItIsAnAltAcc Reagan Conservative 1d ago
I'm not a fan of them at a fundamental level, but thats something I haven't seen noted before. Thats important to take note of for when people just parrot the tariff calculation part. Still weird how he marketed it though, being very misleading about the calculation.