Among the reciprocal tariff levels Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

Rest of the world: 10%

  • iii@mander.xyz
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    1 day ago

    The only real reason I can think of

    It’s mercantillism, a well studied subject.

    • sudoer777@lemmy.ml
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      21 hours ago

      Maybe, but threatening your customers who are buying your exported goods doesn’t seem like a good strategy, and US-based corporations already dominate in the US, so it’s not like they’re helping the US become more powerful unless they’re preparing for WW3.