More on how trump’s tariffs are completely idiotic, Nicole Narea at Vox (Apple News+ link):
Vietnam was hit with 46 percent tariffs, one of the highest rates on the schedule that the White House unveiled. That’s because Trump has sought to target Vietnam and other countries that have a high trade surplus with the US, believing that they’re “cheating” America. However, he ignores the reason why Vietnam has a trade surplus with the US: It is relatively poor and cannot afford to buy many American-made goods.
Any one with a high school education can figure out why there is a trade deficit with certain countries and why it wouldn’t make sense to hit them with tariffs.
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