A tale of two countries
Fascinating to compare the tariffs imposed by Donald Trump on two countries.
Country A
- Has zero tariffs on US imports
- Has a Free Trade Agreement with the United States
- Imports ($34.6 billion) twice as much from the US as they export (16.7 billion) to them meaning the US has a trade surplus with them
- Is a very close and formal ally of the US, in multiple alliances with them
- Has had a 10% tariff imposed on them
Country B
- Imposes tariffs on US imports, above the level allowed by the WTO
- Has no Free Trade Agreement with the United States
- Imports ($526.1 million) one sixth as much from the US as they export ($3.0 billion) to them meaning the US has a trade deficit with them
- Is a historic geopolitical foe of the US
- Has had a 0% tariff imposed on them
What great work. I am sure most people can work out who the two countries are.