Perfect example is the proposed 47% tariff against Madagascar. It is *incredibly* difficult to grow vanilla beans in the U.S. due to climate & intensive pollination needed, so we have to import vanilla from elsewhere. Madagascar isn't "cheating" us here, they're just trying to sell us beans idk
Reposted from
Catherine Rampell
As an example: we could have a huge trade deficit with a country that has zero trade barriers at all because they happen to have some resource we don't have and need
Comments