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IT'S ALL GONNA BE ABOUT "TIF-FOR-TAT" TARIFFS
TIT FOR TAT
Mutual Trade Tariffs are a good idea.
President Trump is proposing matching foreign markets’ tariffs on all goods traded. He needs to do that and a whole lot more. I lived in China for over 15 years and spent a good number of years in India as well. Here’s what I noticed:
To buy an American made car in China is extremely expensive as China slaps all auto imports with a 110% import tariff. Likewise they have tariffs ranging from 70% to 110% on Japanese and Korean goods and electronics. Across the board the protectionist tariffs do the job since it’s nearly impossible to buy any American, Japanese, European-made item for that matter.
In Europe it’s equally impossible to buy American made cars, etc. This is due to their own ‘China-esque’ tariffs of 80% to over 100% on all American built cars and goods in general.
These countries have long enjoyed super low tariffs or no tariffs at all when they sell their goods in America, but when America wants to sell to these people … here come the tariffs.
Negotiations between the U.S. and foreign nations for trade are about to begin and need to be completely revamped. This is no longer the Joe and Kamala show. Thank God for that!
I’m Max, and that’s the way I see it!
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