alt Hacker NewsThe tariff’s aren’t entirely based on the trade deficit. Vietnam artificially keeps its currency undervalued to boost exports.
Trade with other nations?
These are exports to the US, which is 25% of the world’s GDP.
Who is going to replace that demand?
You think Vietnam, where 30% of GDP are US exports, is going to be hurt less than the US where Vietnam makes up 3.9% of imports?
Does every country in the world maliciously connive to keep their currency low vs the dollar? Currency valuations are not tariffs and it is absurd to compare them to a tariff.
These tariffs are a huge mistake according to almost every mainstream economist, I hope instead of parroting the party line you’ll be able to admit their failure in a few years.