A company I deal with in Dominican Republic sells to the US and it's customers will now pay 10% import duty in U.S. His biggest competitors are from Asia in US which will now pay 30 to 50% or so. Friday his phone was ringing off the hook as US customers wanted to shift buying from him rather than Asian companies because the tariff is lower. So the US companies are not bringing back production to US because it is still way too expensive. Instead they are shifting purchases to countries with lower tariffs....still outside the U.S Simple economics that is beyond kindergarten level of those in office...
Taiwan Seeks To Remove Tariffs On US, Increase Investment https://trendingpoliticsnews.com/ju...emove-tariffs-on-u-s-increase-investment-cmc/ Taiwan’s President Lai Ching-te on Sunday offered to enact a zero tariffs approach to trade with the United States, becoming the third major economy to do so after President Donald Trump announced sweeping tariffs on imports from dozens of countries on April 2.
EU Caves To Trump, Offers ‘Zero-For-Zero’ Tariffs On Industrial Goods https://trendingpoliticsnews.com/br...o-for-zero-tariffs-on-industrial-goods-mstef/ The European Union declared on Monday that its members are “ready to negotiate” with President Donald Trump three days after a devastating wave of tariffs have left their imprint on exports bound for the U.S. In prepared remarks, European Commission president Ursula von der Leyen insisted that Europe “is always ready for a good deal,” underscoring a theme that President Trump has sought to strike since leveeing the tariffs last week. Von der Leyen’s speech is the most high-profile instance of a European leader appearing to acknowledge that the E.U. would not be able to maintain its trade surplus against the U.S. for much longer. “We have offered zero-for-zero tariffs for industrial goods as we have successfully done with many other trading partners,” the German politician said before welcoming Norwegian prime minister Jonas Gahr Støre to Brussels.
Trade deficits hurt the US as our dollars go overseas and enrich other countries. Within theose countries are bad actors.