Re:US Administration announces 34% tariffs on China – 20% on EU
by generalizations on Thursday April 03, 2025 @07:21AM
(#43568008)
Does the exact percentage of the tariffs matter? I suspect it doesn't - these look like approximate numbers to obtain concessions, and a complex formula doesn't really help anything.
Far as I can tell, the ideal would have been to simply double incoming tariffs, but that would be infeasibly large. This was a way to generate a plausible smaller number that can be increased later on an individual basis depending on how the country responds.
Far as I can tell, the ideal would have been to simply double incoming tariffs, but that would be infeasibly large. This was a way to generate a plausible smaller number that can be increased later on an individual basis depending on how the country responds.