President Trump has imposed a 10% tariff on goods from countries that haven't caught his eye. Except for a few countries I expect that the after negotiations like that suggested for Modi of India that the rate of 10% will be applied on imports from most countries. Congress in the meantime should lock down the 10% rate with a KISS (keep it simple stupid) U.S. import tariff first suggested on a previous post where the new tariff law eliminates all previous ones for a new one that simply charges 10% of the invoice value from all countries. Second, he should have Elon Musk eliminate the staff devoted to the implementation of the ninety-nine chapter U.S. Tariff Schedule and release them and their private bureaucrat followers to find employment in some other field.
April 7 from Wall Street Journal Editorial calling Trump's bluff
Trump just said “Just had a very productive call with To Lam, General Secretary of the Communist Party of Vietnam, who told me that Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.S. I thanked him on behalf of our Country, and said I look forward to a meeting in the near future.”
WSJ's opinion is that The Vietnam offer is a shrewd one. Mr. Trump hit Hanoi with a 46% arbitrary tariff last week, and To Lam offers zero rates in return. Zero would be the best outcome for both countries, but if a deal ends up with a far lower tariff rate, it will be an improvement.
Hey, knowing Trump he will insist on the 10% baseline duty for Vietnam just like he has put on for everyone else without a premium rate. And as for India where the fuck is Modi? How did he let Vietnam get in first?
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