Five Most Absurd Things about Trump’s “Reciprocal” Tariffs

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cato.org

Tad DeHaven
Tad DeHaven

Where does one begin?
Well, in no particular order, and certainly not a complete listing, here are five absurd aspects of President Trump’s “Liberation Day” tax hike on American consumers and businesses. And, yes, the entire situation itself is absurd.
Penguins Better Stop “Ripping Us Off”

The Heard and McDonald Islands are remote volcanic islands in the southern Indian Ocean “containing outstanding examples of biological and physical processes continuing in an environment essentially undisturbed by humans.” The president of the United States just imposed a 10 percent tariff on islands without human beings or economic activity. Maybe the White House is moving preemptively to discourage the Chinese from setting up export-oriented manufacturing facilities amongst the elephant seals and grey-headed albatrosses. 
Brazil Nuts

Colin Grabow notes that Brazil’s trade-weighted average tariff is 7.3 percent, while Singapore’s is 0 percent. Trump imposed a 10 percent tariff on goods from both. The White House calls the tariffs “reciprocal,” but a reciprocal tariff is supposed to match another country’s tariff. Moreover, the US had a traded goods surplus with Brazil in 2024. According to Trump’s logic, the US is ripping off Brazil—and it still got hit with a tariff.

Stand with Israel
Since the 1980s, most US goods exported to Israel have been entering largely tax-free. On Tuesday (Liberation Day Eve), Israel removed the remaining taxes on goods imported from the US. One day later, Trump imposed a 17 percent tariff on Israel. Iran, which he recently threatened with a “bombing the likes of which they have never seen before,” got 10 percent. 

Pass the Vodka

Of the 180 countries hit with tariffs, Russia wasn’t one. Treasury Secretary Scott Bessent said Russia was omitted because sanctions resulting from the war in Ukraine had already essentially shut down trade between the two countries. Although Russia was joined by the other three “Column 2” countries (Belarus,  » Read More
https://www.cato.org/blog/five-most-absurd-things-about-trumps-reciprocal-tariffs

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Primary Purpose for Collection and Use of Data
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Order Placement
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Partner Promotion
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Surveys
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We use this information to understand your opinions and collect information relevant to our organization.
Sweepstakes or Contests
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Website Interactions
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Web Logs
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Revisions to This Policy

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About PaperlessTimes

PaperlessTimes is really just a hobby site comprised of some of my favorite and most read conservative leaning sources.  The main idea is just aggregate RSS feeds centralized in one area so I can simply take a quick look at the latest articles and pop on over to the full article if wanted; saves a bit of time from going from site to site looking for something that might interest me.

I long ago lost any faith in what is commonly known as mainstream “news” recognizing that it’s not just how a story is framed, but also what is omitted in what passes for information these days.  There are many, many great authors and thinkers in conservative thought who have the freedom to focus not on narrative and instead on substance.

This is always a work in progress for my own use, but if you find it useful, that is awesome.  If there’s a feed you read that you would possibly like added, (always interested in expanding), have any complaints or suggestions, feel free to use the contact form .  There is a bit of marketing on this site which is more of a test run for developing stuff.  If anything catches your eye, buy away, for it does go to me.

thanks, Steve

 

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This is a hobby site, but if you find it useful and have any suggestions, complaints, new feed ideas, feel free to shoot me a line.