RE: 'fewer tariffs and economic fights in the world would be a
Posted on: March 27, 2025 at 15:32:13 CT
meatiger MU
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We had been reducing tariffs for 50 years until Trump 1 with no major trade wars and a process to challenge various tariffs.
We also now have a president using tariffs as an economic sanction on other issues as well.
As 90 pointed below. Our average tariff is 1%. China is 4%. But I guess Trump feels the need to go to 30% or more to equal that out?
And the last sentence was in jest because Trump believes the trade deficit needs to be zero.
To get to a zero trade deficit, he will have to increase and maintain higher tariffs relative to others.