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Good morning. For weeks, I have digged the tariff war, which responded to all over the world and influence almost all industries. The main mystery of the victory tariff crusades is as follows: In fact, in all cases, Trump’s tariffs are many times larger. How does he justify this giant bay? The President insists that we “go out” not with unnecessary tariffs, but rough “non-tariff barriers” (NTB), such as quotas and technical standards, which are systematically blocked from foreign markets. But data indicates another story. When I was dug, it became clear that the United States uses many strategies we discussed for commercial partners. Both leaders need to know about the policy underlying this chaotic discussion.
A very respected guide Where a trade policy on the spectrum is based on the “Tolos Foundation” in Washington, Tark, focusing on tax reform and policy on the study of the Tolos Foundation. 2024 In general, we are above average, over the average, overall restrictions on the list, which present many bad actors.
NTBs come with a wide range. They include such practices, such as quotas, technical standards, packaging, labeling, licensing and security requirements. In 2024, the Federal Reserve of St. Louis reported that NTBs cover two-thirds of the import of the ingredients, products and ready products in 15 areas.
The US is a defensive tool called “Tariff Interest Quota”. Despite his name, TRQ is a really non-tariff obstacle, as it does not really impose responsibilities. TWO, ​​typically allows goods or products to enter the country at a certain level, and the imports hit the Bogey, offered the flow of opponents and fixed quomes from abroad. The best example. The sugar market, where the rules of the USDA, limit the production of the minimum prices are mainly higher than in international markets. “The US government is a leader of the people’s sugar cartel,” said the CATO Institute’s study. You can read the full story about how NTBs and which industry are the most protected hereA little bit Shawn Tully
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Contact Ceo Diane Brady via Dianee.brady@fortune.com
This story was originally shown Fortune.com
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