To hard. Just an across the board 20% tariff on all imported manufactured goods.
“To hard. Just an across the board 20% tariff on all imported manufactured goods.”
Chinese per hour labor costs are a third of the US.
A 20% tariff would simply make Chinese-made stuff 20% more expensive.
A 20% tariff would not alter the trade deficit.
Only financial balance requirements will alter the trade deficit sufficiently.