Trade deficit % ÷2 = made up tariff %.
This is why poor countries Cambodia, Vietnam etc, with the lowest wage employees, producing the most goods cheaply for export, but who are too poor to import US goods, are getting hammered.
Trade deficit % ÷2 = made up tariff %.
This is why poor countries Cambodia, Vietnam etc, with the lowest wage employees, producing the most goods cheaply for export, but who are too poor to import US goods, are getting hammered.
UK has no special relationship, it just doesn't produce enough to have a trade deficit with the US.
UK has no special relationship, it just doesn't produce enough to have a trade deficit with the US.
This is why the poorest low wage economies like Cambodia and Vietnam are getting hit hard. Producing a lot cheaply for export but not wealthy enough to import expensive US products.
This is why the poorest low wage economies like Cambodia and Vietnam are getting hit hard. Producing a lot cheaply for export but not wealthy enough to import expensive US products.
(Sycophant)
(Sycophant)