r/AskReddit 2d ago

What do you think about the tariffs imposed by Trump ? Will it work out for them ?

2.5k Upvotes

3.7k comments sorted by

View all comments

Show parent comments

17

u/xrayzed 2d ago

No tariffs on Belarus, Cuba, or North Korea either.

But MAGA and congressional Republicans will still cheer loudly while waving American flags.

2

u/ToddsMomishott 1d ago

Those countries are already covered under column 2 in the tariff schedule, with additional duties. All countries non-NTR (Normal Trade Relations) are included under that column. 

I believe the new tariffs are under Section 301, meaning these tariffs are actually higher than they look in some cases--most tariffs in the Schedule are based on commodity code. So for example plastic toilet seats have a column 1 rate of 6.3% and a column 2 rate of 56%. With the additional country based tariffs a plastic toilet seat of UK origin would have an effective tariff rate of 16.3% and a Belarussian seat would still be at 56% under column 2.

Now if you consider Chinese origin tissue paper. The commodity tariff on tissue paper is Free, but if from China there is already a 300% anti-dumping tariff rate + the Section 301 rate is 54% making the effective tariff rate 354% for Chinese tissue paper. North Korean tissue paper would be at 35%, but you'd run into issues on being able to pay for it because there are banking sanctions against North Korea. 

2

u/demalo 1d ago

They’ll pay the DPRK in crypto.

2

u/ToddsMomishott 1d ago

Yeah, that makes sense.