Reciprocal tariff calculations
Kevin Duffy wrote:
Hi Lew,
How are these “reciprocal tariffs” being calculated?
By country: “Tariffs Charged to U.S.A.” = trade deficit / imports.
According to the Office of the U.S. Trade Representative, “This calculation assumes that persistent trade deficits are due to a combination of tariff and non-tariff factors that prevent trade from balancing.”
What if they’re not? What if other factors might be involved:
– Low savings
– High government borrowing
– Direct foreign investment
– Indirect foreign investment
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
