Way too complex and way too open to loopholes.
Basing the tariffs on the trade imbalances makes much more sense.
Thanks for thinking. It does seem complex and subjective. Who will oversee and enforce compliance?
Are you a Progressive plant? This is the government agencies full employment act.
“The Secretary of Commerce may by regulation provide tariff exemptions up to the following amounts”
And he might not.
by regulation & up to gives him freedom to prevent scams, such as sticking defective GB chips into stuff where no GB chip is needed
“initially 0%, and then increasing by 2% at the start of every IRS quarter month after 2025 to 20%”
Why not a simple 25%?
So companies have time to adapt to the new scheme.
Every three months Uncle Sam will nudge a bit harder.
“5. as directed by the President of the United States and otherwise allowed by law,”
That would allow the President to protect the steel and auto industry.
14 words - tens of thousands of jobs
Yousers! I went to your home page and see you’ve planned out this level of minute rules for many other political issues!