Wow it’s super cool how people who don’t understand global economics are running our economy now 🫠
This idiot probably thinks his grocery store is cheating him because he only buys food from them, and not the other way around.
This is why these “zero for zero” offers are going to go absolutely nowhere.
By their own admission, the administration is simply inventing these numbers for “tariffs applied against the US”. What they are, in actually, is the US trade deficit against that country as a percentage.
But the thing is, you’re never going see an even trade balance between the US and Vietnam while still having trade between those countries, because nothing made in the US is affordable to the average person living in Vietnam.
The only way to get that fictional “tariffs applied against the US” number down to zero is for Vietnam to stop all exports to the US. That means that a whole lot of clothes, electronics and other consumer goods will need to be made in the US instead of being made in Vietnam.
No version of this works out well for Vietnam, and even for the US it either involves prices increasing to reflect the higher average wages and cost of living in the US, or US wages decreasing to the point where you’ve basically got all these goods being made by utterly impoverished workers in American sweat shops.
I’m not going to say that American consumers exploiting poorer Vietnamese workers to subsidize their own cost of living is a morally good system, but it sure is one that was working pretty well for the average American consumer.
This, 100%. Some sane analysis of US idiocy.
I think the countries that are making “deals” are just agreeing to buying a shitload of some market commodity like LNG. If you need energy anyway, it’s a pretty easy way to adjust the “imbalance” obviously that won’t work for every country.
Wait until he demands equality on things like chocolate and coffee.
“Uh sir, we can’t grow cocoa in the US.”
Hey, isn’t this the fuck that helped attempt to overturn the 2020 election and then ignored Congressional subpoenas and then went to prison for 4 months?
IT IS!!!
When the world finally understands that the only true way this administration believes they can be really fair is to provide all the goods you can crank out and expect nothing in return they will truly understand the depth of these people’s understanding of reality
“Now adjust your laws to match ours. Now your pay…keep going…”
Navarro? the same Navarro who makes people up as experts who justify his own mediocre ideas?!
I was about to say, isn’t that the Ron Vara guy?
Peter Navarro probably can’t reliably remember how to spell “tariff”
If anyone knows about cheating it is this admin
