Is this a joke question? Trump doesn’t understand the difference between a trade deficit and a tariffs and the numbers presented yesterday are based on trade deficits. Example- Americans buy more Swiss chocolates, watches and army knives than the Swiss buy in pharma and planes. - ThreadSky

jjantzen.bsky.social • 16 days ago

Is this a joke question?
Trump doesn’t understand the difference between a trade deficit and a tariffs and the numbers presented yesterday are based on trade deficits. Example- Americans buy more Swiss chocolates, watches and army knives than the Swiss buy in pharma and planes.

Comments

jjantzen.bsky.social•16 days ago

Since Switzerland abolished all industrial tariffs in 2024 practically every product enters tariff free. But now the price that Americans will pay their own government will be 31% more for any Swiss chocolate, watches and army knives that they import. I can understand why people are pissed.

danhalen5150.bsky.social•16 days ago

Legitimate question. Swiss chocolate Swiss watches Swiss army knifes? Honestly, I haven't seen a Swiss army knife since I was a kid. Swiss watches? Does anybody still buy those along with Swiss chocolate? I may be ignorant of the fact, but aren't these for rich people? Seriously asking.

danhalen5150.bsky.social•16 days ago

The numbers reflect real gaps like Switzerland, where the U.S. imports outpace exports, and his point is to push for more reciprocal trade, not to confuse the two concepts. From what I understand doing research on this. I'm just confused as anyone else.

jjantzen.bsky.social•15 days ago

Also in a case like Canada, if you remove energy products like Oil from Alberta from the math, Canada purchases more from the US than the US purchases from Canada. US is purchasing the energy products like oil as to avoid energy products from countries like Venezuela.

jjantzen.bsky.social•15 days ago

To solve a trade imbalance on a country that has 0% tariffs on US goods, America must make stuff that the Swiss want to purchase.
Also on Trumps chart he isn’t using the work reciprocal trade. He’s using the word reciprocal tariffs where NO tariffs exist.

danhalen5150.bsky.social•16 days ago

Trump’s focus on trade deficits isn’t about misunderstanding tariffs; it’s about highlighting imbalances in trade relationships. Tariffs are a tool to address that, not the deficit itself.

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