Who was it who said, ‘l love tariffs’. Yes we all know!
From what l understand and pure logic is the 20% import duty….tariff goes straight into the US coffers so Americans consumers just pay more, not the exporter.
With regard to the proposed 20% on Linn products already outlined in posts l say this……
1. The UK has a trade deficit with the US so just that fact and from a sound accounting perspective adding tariffs from the UK is just plain stupid. So no UK ripping off the old US of A from over here.
2. It only makes sense to tariff countries who buy less from you as they are the ones (in your leaders eyes, or perhaps a brain) that arguably have been ripping off the poor old USA.
3. Tariffs are not amazing….they just create trade wars, ruin free choice, inflate prices for the consumer and stifle economic growth.
There….l’ve gone and said it now