“It is my opinion that the SUV or, as it is sometimes referred to, Large Engine Vehicle, which does so well in the United States, will be a wonderful addition to the various product lines within Vietnam”
Source: https://truthsocial.com/@realDonaldTrump/posts/114784170652465525
So he’s putting tariffs on Vietnamese imports but exports are unburdened… So he’s basically creating a trade deficit? The thing he railed against months ago?
I don’t think i follow your logic, theoretically this would reduce the trade deficit. The US would be importing less from Vietnam because the people in the US have to pay 20% more, and the US would be exporting more to Vietnam as the price of the US good would be cheaper then they were before with no duties.
The US would be exporting more and importing less so the trade deficit will go down.
I don’t think that’s how it will work on reality as even with that 20% goods produced in Vietnam will still be cheaper then those made in the US. Same with US goods in Vietnam, where even if they don’t cost any more then the equivalent Vietnamese good due to tarrifs, they’ll still cost a lot more due to labor and shipping costs.
Yep I had that backwards in my head. Could this actually end up not being terrible? Don’t wanna give him any credit but I’m not read up on economics.
I stopped trying to make sense of fascist’s activities based on policy, morality, or even consistency, and now see them as doing or saying whatever is most advantageous at the time, even if it directly contradicts their previous assertions. Now their actions almost always make sense and are very predictable.
You can’t reason with people like this, only maneuver them into a position where what you want is also most beneficial (or least detrimental) for them.