The Trump Administration’s Hidden Ace to Rebalance Trade Even if Tariffs Are Struck Down
WOW….THIS IS BEYOND BRILLIANT…I AM SURPRISED THIS IS THE FIRST WE HAVE HEARD OF THIS…INCREDIBLE
https://link.breitbart.com/view/5f1b3882f0e833147b62de60q9bm5.6rns/b505ac06
Haven’t seen this argued before either.
But if the license is levied on the trade imbalance, that’s NOT as clean as it appears.
Consider HK and Singapore (countries that trans ship). Or Mexico (imports then assembles, then exports … machiladoras).
China could produce components (say car parts), have them assembled in Mexico, then exported to US.
AFAIK, trade statistics are in the form of landed price, not net value added, by country.
So these become Mexican exports not Chinese.
Country of origin is a unique nation, not ALL the countries supplying components.
So they can toy with that definition.
Toyota and Nissan have built auto assembly in the US, but they keep the high wage jobs at home, in design and engine manufacturing.
Of course, similar issues apply with tariffs.
That said, its a plan B for sure.
And its “foreign policy” either way, which IS the purview of POTUS.
The point I’m sure the WH has been making with SCOTUS in private.