Trump claims the following : China "Tariff" is 67% EU "Tariff"...

  1. 26,809 Posts.
    lightbulb Created with Sketch. 2392
    Trump claims the following :

    China "Tariff" is 67%
    EU "Tariff" is 39%
    Vietnam "Tariff" is 80%

    In reality that number is not the Tariff, it is the trade imbalance.

    Example: We import 401B from China and export 131B. (401-131)/401= 67%

    The real trade-weighted Tariffs are:
    China: 4%
    EU: 3%
    Vietnam: 6%

    https://x.com/yuriymatso/status/1907628578965196826

    I ran it by Google's Co-Pilot AI and this is what I got:

    Vietnam's trade-weighted average tariff on U.S. goods is approximately 5.1%, compared to the U.S.'s average of 2.2%

    ...Trump will soon find out that his team's calculation of tariff rates is both over the top and misguided and he may have to do a reverse course

    US can't hit Vietnam with 46% tariff when Vietnam actually only applied 5.1% on US.

    So folks, US tariff rates are far from being reciprocal, they are at levels that is bound to destroy existing trade volumes.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.