Give an example of these other countries. Are they major players in world markets or also-rans? Trade agreements with 780 million people with monthly incomes of 100 pesos per month doesn't mean much in terms of world trade with major players.
Many of these tariffs fall on intermediary goods that American and foreign companies use to produce things here in the United States.
Give an example, rather than a broad swath with no facts.
The EU and Japan have also completed a free trade agreement.
Have you read the agreement? Their agreement does not do away with tariffs.
"Now, there is a 14 percentage point difference between the average Chinese tariff U.S. exporters face versus all other exporters."
Instead of quoting rates on tariffs, show me the impact on sales. I could care less about the rate if my sales are the same.
None of this is to say that China and other countries aren't hurting as a result of this trade war. A growing number of global firms are shifting production out of China in response to the U.S.-China trade war. The world's top bicycle maker, Giant Manufacturing Co., acknowledged this fact loud and clear by announcing that the era of "Made in China" was over.
Exactly, which is what the tariff pissing contest is all about. The short run is not the goal, yet that's all we see here. Also, there's no mention of the real reason for the tariffs, and that's to level the playing field in terms of the tariffs we face in a country versus tariffs they face when trading with us. This is a poorly thought out report.
Thank for having the patience I didn’t have to detail exactly WHY the article posted was such total Horsesh*t.
In March of 2018 11 countries, representing 500M consumers and 13% of world GDP, signed the CPTPP which immediately lowered tariffs and will lead to tariff-free trade among the signatories.
The US bailed from the predecessor agreement, TPP, which resulted in a huge win for China.