Comment by 0x_rs
8 days ago
>the tariffs are half of what the other country is charging
And that figure is questionable. Read "including currency manipulation and trade barriers". This is the same presidency that believes the "EU was made to screw USA over", and accused them, Japan and practically every other major economy of manipulating their own currency to harm US. It's improbable that rate has any basis in reality, but surely a detailed breakdown of how they came to that number will be published.. not.
> And that figure is questionable.
It's made up. It's based on our trade deficit with them, which has absolutely nothing to do with tariffs.
Exactly. Calculation for actual figures is based on trade deficit, everything else is just a fat lie. "White House officials said its levies were reciprocal to countries, such as China, which it said charge higher tariffs on US goods, impose "non-tariff" barriers to US trade or have otherwise acted in ways the government feels undermine American economic goals" (from BBC) Non-tariff barrier usually means regulation US exporters don't like, including data protection, EU not wanting to buy junk food from the US, most of which apply to EU companies the same way anyway... There is no point in asking for a reduction of these tariffs, and will probably never happen.