Here's the formula Dept of Commerce used to calculate tariffs. Hand waving aside, the goal is zero trade deficits.
Trump began advocating for tariffs in the 1980s as a response to Japan's increasing exports to the US.
Zero trade deficits is a nationalist economic goal, not a useful one.
#fascism
Trump began advocating for tariffs in the 1980s as a response to Japan's increasing exports to the US.
Zero trade deficits is a nationalist economic goal, not a useful one.
#fascism
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