pippa-musgrave.bsky.social
@pippa-musgrave.bsky.social
@mrjamesob.bsky.social Reciprocal tariffs mean you apply the same tariff as the other party. that isn't what Trump has done. He has set a base 10% tariff and then an additional tariff based on that countries trade as a percentage of the US trade deficit. Which is, to quote trade experts, "Bonkers"
April 3, 2025 at 11:14 AM
@mrjamesob.bsky.social Trump's Auto tariffs apply to materials and components. The American motor vehicle industry, like all car manufacturers, relies heavily on global supply chains. So the tariffs affect US assembled vehicles and those prices will also go up
April 3, 2025 at 9:54 AM