http://www.zerohedge.com/markets/vietnam-capitulates-offers-remove-all-us-tariffs.
So, does that get them down to 10%?
The thing is, the "Tariffs" appear to be *solely* determined by the percent of US trade deficit. (I've heard the percentages are a linear function of the trade deficit, only).
So, Vietnam, Taiwan, etc. removing THEIR trade barriers doesn't actually address the problem:
Most of these countries aren't going to actually do much to address the trade deficit, simply by removing their trade barriers! And the US no longer is a world class manufacturer -- able to currently compete with superior products, and competitive prices, for the disposable income of the CONSuMERS in thee countries!
Do you see the problem? The US can't currently compete on a level playing field -- on the basis of merit, and 'free markets', alone.
Maybe in 5-10 years we will be able to. But not now. Currently, we need to buy time BY *TAXING* ACCESS TO THE US CONSUMER!
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