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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.
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.
Northwest · M
@Reason10
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.
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.
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.
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ElwoodBlues · M
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MyGirlPhotoswell · 61-69, M
@Northwest explain the “total lie”
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