U.S. President Trump said on Friday (May 9) that he would impose a benchmark tariff of at least 10% on trade partners "forever", but he then added that "there may be exceptions".
[Wisdom] Comment: Trump's term only lasts for four years, so where does the "forever" come from? After Trump proposed the "reciprocal tariff", the U.S. has only signed an agreement with the UK so far. The UK is not a country with a trade surplus with the U.S., and the content of the signed agreement is very narrow, so it cannot serve as a reference sample. The only indicator meaning lies in this 10% tariff becoming a "rule", and even for countries with special relations like the UK, there are no exceptions. As for Trump's mentioned "exceptions", there are two possibilities: one is an exception for China, with the U.S. setting tariffs on China alone, which could be higher than 10%; the other is that a very small number of countries will be exempted from this 10%, such as some countries not previously included in the list by Trump.
Original article: https://www.toutiao.com/article/1831777405886596/
Disclaimer: This article represents the author's personal views.