Comment by vitorgrs
16 days ago
Most countries do specific tariffs on areas of the economy they want to develop/protect them.
If a country is doing price dumping, there's even legal ways of protecting these sectors, by applying to WTO (but the U.S basically killed the WTO). But even if the U.S don't trust the WTO, they could apply antidumping tariffs to these specific sectors (like the 100% tariffs Biden administration did to EVs).
U.S is not doing this right now, it's protecting "all sectors" of the economy. There's no other reasonable developed country with a 29% tariff.
You can check here: https://data.worldbank.org/indicator/TM.TAX.MRCH.WM.AR.ZS
You'll also notice that most developed or growing economics have low tariffs...
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