Yes, nothing is like the 145% tariffs Trump proposed for China. But that was *astronomical*. But what we have now? STILL HIGH.
Yes, nothing is like the 145% tariffs Trump proposed for China. But that was *astronomical*. But what we have now? STILL HIGH.
They aren't tariffs. They are embargoes.
"you're not punching me, just slapping" but for tariffs
More like "you're not shooting me, just knifing"
More people should be talking about 34%. The dutiable tariff rate, what you actually pay!
Effective tariff rates use the wrong denominator. You pay an average of 34% for most imported goods, not 18%!
The effective tariff rate = tariff duty / all imports. However all service imports and some goods have no tariffs. The real tariff is the dutiable tariff rate = tariff duty / dutiable imports. That number is 34%. 34% is the average tariff rate you pay for most imported goods.