> It's not so obvious to me. If they left certain countries out, then bad actors could set up shop in those countries to exploit their low tariff. For example, Chinese companies opened factories in Mexico after the first round of tariffs hit China.
Is that why Israel got 17% tariffs but Iran has 10%?
Or why Diego Garcia—who is run by the UK—also got hit with tariffs, even though the only inhabitants are UK and US military personnel. There's a bunch of B-2s there right now:
> Is that why Israel got 17% tariffs but Iran has 10%?
Wouldn't tariffs being based off of the trade deficit explain exactly this? Also maybe this is not the best example since doesn't the US already impose sanctions on Iran?
> Wouldn't tariffs being based off of the trade deficit explain exactly this? Also maybe this is not the best example since doesn't the US already impose sanctions on Iran?
Yes, which is why the tariff rates are retarded.
As someone observed: it's like being taxed not on your income, but on the number of vowels in your name.
Is that why Israel got 17% tariffs but Iran has 10%?
Or why Diego Garcia—who is run by the UK—also got hit with tariffs, even though the only inhabitants are UK and US military personnel. There's a bunch of B-2s there right now:
* https://www.twz.com/air/b-2-spirits-amassed-on-diego-garcia-...
* https://newrepublic.com/post/193523/donald-trump-tariffs-us-...