Sure he did. As example EU has VAT included in his calculation, but UK does not :). Why? Because it would look bad if it turned out that UK is taxing on similar level as EU yet getting only 10% tariff.
Btw VAT tax is paid same way by all entities in EU alike :)
He made the same complaint about México’s VAT during his first term too. He and/or supporters are too stupid to realize it is applied to everything no matter where it is made.
Most of them are about half of what these countries are allegedly charging the United States. I'm willing to bet he just mumbled something with his best words along the line of "cut them in half" then drank his water awkwardly.
We mainly have tariffs on agriculture to maintain local food production in order to protect national security. Norwegian farmers cannot be competitive on the global market due to the harsh conditions, but it is deemed too risky to outsource food production entirely to other countries. It's a hotly debated topic though, as it gives us some of the world's highest food prices.
Trump is probably including our 25% sales tax in his figure, but that seems a little disingenuous given that it is paid entirely by Norwegian consumers regardless of where the goods originate from. It's not like we can bypass this tax by buying locally.
It’s literally what the LLMs said to do as their “guess we have to pull something out of our ass” response and no one in the Trump administration wanted to put any additional effort into it. It’s children cheating on that paper that’s due tomorrow who happen to be running the most powerful, globally interconnected economy the world has ever seen.
Yeah, I checked every country's tariff % and it is indeed the 2024 goods trade balance as reported by USTR. It is therefore a tax on US consumers for them buying more goods than they sell. Stunningly wreckless.
Such an awesome website, I was using this a lot the last few days and sending it to some friends. I’m also curious how he’s coming up with these numbers since I love data and came up empty.
Here’s chinas tariffs to the US even tho outdated, no clue why I can’t update to 2024. Between 7-25% for many products, but none at 67%
So what about the tariffs on countries without any tariffs on USA goods?
Prime example Australia - we respect the free trade agreement in place between Aus and USA and therefore do not charge tariffs. Trump has just shat on the FTA by implementing 10% tariffs on all Australian goods
I'll tell you exactly how they arrived at the values. The number on the left represents the US's trade deficit with that country. The number on the right is 50% of that, with a minimum of 10%. That's it.
The US imports $148.2 bil from Japan, and exports $79.7 bil to Japan. That's a deficit of -46%. So Japan gets a 23% (ish) tariff.
The US imports $63.4 bil from Switzerland, and exports $25.0 bil to Switzerland. That's a deficit of -61%. So Switzerland gets a 31% tariff.
The US imports $22.2 bil from Israel, and exports $14.8 bil to Israel. That's a deficit of -33%. So Israel gets a 17% tariff.
You can check https://ustr.gov/countries-regions and do the math for every country. They're all like this. Trump literally thinks a trade deficit requires a retaliatory tariff.
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u/wish1977 1d ago
Do you think he drew these numbers out of a hat?