No. of Recommendations: 2
They think other countries need the U.S. so much more than we need them, so not only will they perpetually pay a 10-20% entry fee just to get to our markets, but they'll also give us virtually any change in their trade policy (or even their non-trade policy, like VAT) that we want them to.
But then, if that's wrong we'll have a major problem with the "reciprocal" tariffs. Because then we're just isolating ourselves from the entire global economy - we end up cutting ourselves off from most international trade, and the rest of the world just carries on trading amongst themselves mostly without us.
Sigh.
You can't remove the United States from world trade.
BTW, Carney called up Trump the day after he won and said, 'let's talk'.
