Asking for a friend: what is stopping countries from dropping their tariffs? Seems like kind of an obvious solution.
Discussion
Money
They would have less revenue to spend.
Other countries can't sell US Treasuries. They need alternative revenue sources.
Vietnam dropped all US tariffs a few days ago. 💁♂️
Still got slapped with a 46% tariff from Trump. 🫠
GG, thanks for playing. 🤙
They have a week to sort it out before they go into effect. Those cardboard lists of countries were not printed 5 minutes before the speech and able to be updated. I'd be highly surprised if they weren't dropped for Vietnam.
Although a lot of companies have moved there from China to manufacture
in the case of taiwan, theres no 64% tariffs on US goods so not sure what there is to drop 😅
for context, theres like 14 Costco locations in Taiwan
i read that semi-conductor related products dont fall under the tariffs (not sure if true) but it would still sting a bunch of industries in Taiwan (tools, specialized hardware (nuts and bolts), plastics, lighting, tea, fruits, etc) id imagine the current admin will want to negotiate with Trump
tariffs would be alarming but having Taiwan listed as a country is a treat 🥳
Tariffs are often used to protect domestic business from cheaper alternatives from overseas. A prime example is Japan's tariffs on cheap rice from China and Thailand in order to protect the domestic Japanese rice (which is much much better anyway, just more expensive to produce). Dropping tariffs and allowing cheaper rice in would potentially destroy domestic rice production, which would be terrible.
You mean like free trade?
They can't have that when the globalists set it up to tariff the richest country in the world. It was part of their wealth redistribution scheme like Paris Climate Accord, World Health Organization, World Economic Forum, Green New Deal, NATO, ect.
The tariffs by the United States is part of a new global rebalancing. Some countries may have to be acquired or merge with others rather than continually being subsidized.