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In reply to the discussion: 'Mad king': Trump baffles observers by suggesting he'll tariff illegal drugs [View all]muriel_volestrangler
(103,954 posts)The claimed "tariffs charged to the U.S.A. including Currency Manipulation and Trade Barriers" figure is nothing of the sort; it is the US trade deficit with a country, divided by the imports from that country. And if that's under 10% (eg if the US has a trade surplus with a country, it would be a negative number), Trump just says "10%".
https://www.democraticunderground.com/100220200887
They've admitted this:
https://ustr.gov/issue-areas/reciprocal-tariff-calculations
but tried to make it look "scientific" and called it "reciprocal".. In fact, they admit they've got no clue on whether there are any trade barriers, so they've just stuck this figure in:
"While individually computing the trade deficit effects of tens of thousands of tariff, regulatory, tax and other policies in each country is complex, if not impossible, their combined effects can be proxied by computing the tariff level consistent with driving bilateral trade deficits to zero."
And there's no attempt to justify the minimum 10% tariff, so they've just lied about "trade barriers" from dozens of countries, when, by their "logic", the US government should be paying people to import from them.
So, yeah, the US imports lots of illegal drugs. By Trump's logic, these should be subject to tariffs.
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