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Old 04-05-25 | 11:18 PM
  #51  
msalvetti
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Originally Posted by epnnf
(IMO) the tariffs are TEMPORARY. Some day soon, everyone will realize if they reduce their tariff to ZERO, the US will too. Then, everyone's economy will shoot for the moon.
I don't think so - did you see how the tariffs were calculated? They divided our trade deficit with a particular country by the total value of our imports. Take China - our deficit with them is $295 billion, our total imports are $439 billion. 295/439 = 67%. Which then they divided by half. "Reciprocal tariff" is not what you think.

They want to eliminate the trade deficits, not get to zero tariffs. The tariffs are to make imported goods so expensive that they are more than the high cost of making things in the US instead. So we're screwed either way. Pay more for imported goods, or pay more for goods made in the US. Maybe there will be more manufacturing jobs, but I don't think they will be as well-paying as people think.

Mark
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