Comment by rsynnott
1 day ago
> The effective pair wise tariff rate of these countries is still larger than the US and simply brings it more in line.
^ is, er, not true, though.
They based it on _trade deficits_ (plus some random messing around which resulted in some uninhabited islands with no trade or independent trade policy being assigned a value), not tariffs. Which makes no sense at all.
it turns out if you leave islands out of your regulatory schemes, they become loopholes later on. See Ireland, the Cayman Islands, etc. etc.