Keep it Simple Stupid
Mercurial tariff rate changes for example a 20% rate for the EU one day, then 10% and now 50% threatened for July 9th shows a complete lack of understanding of the months long timetable of placing an order at a foreign factory and its arrival at a U.S. port. Its for this good reason that tariffs are the purview of a slow acting Congress and hopefully the Supreme Court may force President Trump to use his sycophant Speaker of the House Mike Johnson to put up a bill to impose a 10% import tariff on everything from everywhere.
As a counter Congress should compensate by also trashing the ninety nine (99) chapter import tariff schedule that keeps a mini industry of bureaucrats and legal eagles on both the government and private side doing useless work. As for compliance 10% is easy to figure and thereby hard for importers to avoid.
No comments:
Post a Comment