I counted 3 nations of the G20 with which the US has free trade agreements. Setting the US aside, that leaves 16 nations in the G20 who pay tariffs into the US Treasury.
Have you ever heard of these treaties? AFTA, CEFTA, COMESA, GAFTA, GCC, NAFTA, SAFTA, SICA, TPP?
BTW, the average Tarrif in 2010 was 1.3%. So it mine as well be free. I get hit with a higher local sales tax.
China manipulates their currency, does not have an EPA, EEOC, Minimum wage law and does not pay tariffs to us. This is why so many businesses are building there. It’s not a level playing field.
It’s like playing a poker game and they have one set of rules and we have another. The way the game is currently set up... we will lose.