Trump has always promised reciprocal tariffs. But that is easier said than done since we usually have a different list of products we import from a country than we export to that country. So adding a 99% tariff to cars won't work if we don't import cars from them. So, his people came up with a calculation to "average" out their overall tariffs and figure out what would be a responsible counter from us. That was the chart Trump was trying to prevent from being a sail in the Rose Garden yesterday.
And still, you defend the indefensible.
Lets get specific.
I know you think your 7th grade answers to this debate are over my head, as you continuously indicate. But hopefully you're not just projecting, and you can follow along. There are some additional points on the Regan video I posted above, you might actually learn something on that because you won't automatically reject it as coming from a libtard and all.
You tariff steel, and aluminum. Ok on the surface that sound wonderful.
These products are not at the bottom of the supply chain, but they are far down it. The amount of value added going up from here is considerable compared to what it takes to get it to this point.
Here is a link to the Tariff.
Effective June 1, 2018, section 232 added additional tariffs of 25 percent and 10 percent on steel and aluminum imports were imposed for almost all countries.
www.strtrade.com
Here is a quote from it:
Targeted Products:
The tariffs, imposed under Section 232, cover a wide range of steel and aluminum products, including unwrought aluminum, bars, rods, profiles, wire, plate, sheet, strip, foil, tubes, pipes, and fittings.
As even as you can see, this is nowhere near the finished products.
To the customers of these semi-raw goods, these importers will add the 25% plus a markup.
Each step in the chain will do the same in addition to the first one, and so on, until the retailers add their markup. Maybe as many as five or six times this will happen.
So what if there is not enough capacity in our system to handle that additional volume?
Maybe some of these products are such low volume that we don't even make it here.
This is a tax on consumers, made worse by profit being generated up the chain.
Another part, as Mr. Regan spoke to is that American companies will raise their prices and create more profit on less sales. We know this to be true because that is exactly what building supply companies did during and after Covid. Even going back to the 2000s when they put additional tariffs on Chinese plywood. What we saw then was the same Chinese plywood, at a higher cost, and a huge increase in the cost of domestic plywood.
Ultimately, this is a scheme to reduce taxes on the ultra rich and add it to the American consumers.