Asking
Only logged in members can reply and interact with the post.
Join SimilarWorlds for FREE »

Please can someone sensible explain to me why the American tariffs are a good idea?

How does this make the already wealthiest economy in the world “great again”? Every export has instantly become more expensive, so less will be sold, and every import has instantly become more expensive for Americans to buy.
No country can exist on its own surely? Do we not all rely on each other to some extent?
This page is a permanent link to the reply below and its nested replies. See all post replies »
Northwest · M
The US has a large trade imbalance with certain countries, and some think tariffs are the way to fix that.

Trump took a piece of paper, created a list of countries and for each country, he applied a simple formula:

country deficit with US divided by two and apply a percentage to it

And that's how much he figures they owe the US in tariffs.

Trump claims it's justified because this particular country is charging tariffs on US goods.

Which is a total lie.

Take South Korea for instance. 95 percent of goods from the United States are completely exempt from South Korean import tariffs, because we have a trade agreement with South Korea.

A percentage of the population chooses to believe the lie. And Trump presents himself as a crusader righting a wrong. Which creates a circle of ignorance.

Look at the responses here in support of tariffs. They all claim the same thing: they impose tariffs on us, we impose tariffs on them.

Mind you that Trump himself, sent all manufacturing related to the products he pushed to, you guessed it: China.

They also believe, driven by another Trump fat ass lie, that tariffs are paid by the exporter not the importers, because they don't know it's just another ft tax on the American people.
Reason10 · 70-79, M
@Northwest South Korea has a FIFTY PERCENT tariff on AMerican goods.

You don't know what you're talking about. I posted the list. Read it and get educated.
Northwest · M
@Reason10

South Korea has a FIFTY PERCENT tariff on AMerican goods.

You don't know what you're talking about. I posted the list. Read it and get educated.

Sigh!!!

https://www.reuters.com/markets/south-korean-free-trade-pact-could-limit-impact-reciprocal-trump-tariffs-2025-02-12/

"Taking these near-zero Korea-U.S. tariff rates into account, the impact on Korea is even more negligible than we had earlier estimated," Barclays economists said in a note. Tariff rates stood at 0.002% and 0.003% on U.S. exports to South Korea and vice versa, they added.

What's really alarming though, is that Trump ordered the US trade web site switched so it could be directly under his command, and changed it into a propaganda page. So for facts, you need to go to the actual sources.
This comment is hidden. Show Comment
@Reason10 DUUUDE!!!

You cited NOTHING!!! As USUAL!!!

This comment is hidden. Show Comment
MyGirlPhotoswell · 61-69, M
@Northwest explain the “total lie”
This comment is hidden. Show Comment