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Just to make it clear once and for all, the US doesnt have extremely low tariffs
| Louis Poasteur | 04/03/25 |
| ,.,...,..,.,.,:,.,,.,.,:;,.....,:,..,:.:.,:.::,. | 04/03/25 |
| The Mercantilist Policy April | 04/03/25 |
| LathamTouchedMe | 04/03/25 |
| """..".'.;;..''." | 04/03/25 |
| Louis Poasteur | 04/03/25 |
| (-_-) (-_-) (-_-) (-_-) | 04/03/25 |
Poast new message in this thread
Date: April 3rd, 2025 1:51 PM Author: Louis Poasteur For some reason a bunch of absolute ignoramuses are spouting things like the US has literally no tariffs and that all other countries do. The US has tariffs on many goods just like all other major countries, for example a 25% tariff on light trucks and 100% on Chinese EVs, but overall the US's average applied tariffs are in line with all other advanced economies and are in fact higher than Canada, the UK, the EU and Australia.
Countries by weighted average tariff:
https://data.worldbank.org/indicator/TM.TAX.MRCH.WM.AR.ZS?most_recent_value_desc=false
The US's largest trade partners with whom we do most of our trading are similar in applied tariffs, and the US does proportionally much less trade with the higher tariffing countries. Also note that the higher tariffing countries are invariably some of the absolute poorest countries in the world and that having low tariffs is strongly associated with being a wealthier country.
The Heritage Foundation lists the US at 65th in the world for trade freedom, not "1st" or whatever Trump supporters claim it is.
https://www.theglobaleconomy.com/rankings/herit_trade_freedom/
Trump has now increased tariffs to a minimum of 10% on all goods and much higher to major trading partners like the EU and Japan. This isn't making tariffs "fair", it's making them 5-30x higher on average than before Trump's term and 5-30x our peer countries with whom we do most of our trading. This is why the other countries are naturally retaliating against massive unprovoked and "unequal" tariffs erratically imposed by the Fox News boomers with fringe crackpot economic theories who are running the country, and why the markets had one of their worst days of the last fifty years today. Hope this helps. |
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Date: April 3rd, 2025 1:54 PM Author: ,.,...,..,.,.,:,.,,.,.,:;,.....,:,..,:.:.,:.::,. Ok but why does the USA have to be mediocre middle of the pack...why can't the US be in the top league of countries along with the big boys: Chad, Cameroon, Congo, Gabon, and Equatorial Guinea? (http://www.autoadmit.com/thread.php?thread_id=5704583&forum_id=2#48811741) |
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Date: April 3rd, 2025 1:56 PM Author: The Mercantilist Policy April (No Future) (http://www.autoadmit.com/thread.php?thread_id=5704583&forum_id=2#48811748) |
Date: April 3rd, 2025 1:52 PM Author: LathamTouchedMe (http://www.autoadmit.com/thread.php?thread_id=5704583&forum_id=2#48811730) |
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Date: April 3rd, 2025 1:56 PM Author: """..".'.;;..''." "Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country."
*Raises tariffs to 100%* *Has no imports* *Look, our weighted tariff mean is 0%* |
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Date: April 3rd, 2025 2:47 PM Author: Louis Poasteur (http://www.autoadmit.com/thread.php?thread_id=5704583&forum_id=2#48811940) |
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Date: April 3rd, 2025 2:47 PM Author: (-_-) (-_-) (-_-) (-_-) stopped reading at Louis Poasteur (http://www.autoadmit.com/thread.php?thread_id=5704583&forum_id=2#48811942) |