The graph on the left shows the historical average effective tariff rate. The graph on the right shows tariff revenue as a percent of GDP.
Peter Navarro is, quite obviously, lying because he doesn’t give a shit about telling the truth.
Peter Navarro is, quite obviously, lying because he doesn’t give a shit about telling the truth.
Comments
“Today the only undisputed ‘historical' aspect of that agreement is its failure.”
https://www.piie.com/blogs/realtime-economics/2022/china-bought-none-extra-200-billion-us-exports-trumps-trade-deal
“US EXPORTS TO CHINA LIKELY WOULD HAVE BEEN HIGHER WITHOUT A TRADE WAR AND PHASE ONE AGREEMENT”