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As a bystander, I think you could measure from an agreed period in the future to an agreed point before tariffs were even tabled, so perhaps before Trump's presidency began. The reasoning is that markets had already costed some of the tariffs into their predictions.
Just don’t know why use S&P as a marker, rather than actual economic growth across the board. And rather than inflation, could use like real wage growth, which incorporates inflation, among other factors.
The fact that this isn't true.
I can't speak to other countries, but Australia has a free trade agreement which makes 99.9% of all trade between our countries tariff free. Australia also historically has a trade deficit with the US. Australia is a firm long term ally of the US and yet is being tariffed.
As a general observation, the methodology is also nothing to do with reciprocity and more to do with trade deficits. You can look up their method and realise that it is just not true.
His admin stated the incorporate climate regulations, etc. that maybe China doesn’t have to follow cause considered third world, etc.
If you look at agricultural regulations, you may find your answer
You can actually see here they have a 10% from not a tariff, but other trade regulation duty, which is waived by paying a large fee. Small businesses may not be able to cover upfront.
Australia - Import Tariffs
Includes information on average tariff rates and types that U.S. firms should be aware of when exporting to the market.