At last we have a POTUS willing to confront this and other unfair trade practices to promote OUR INTERESTS. Notice that the G7 DID NOT want the " NO ONE CHARGES TARRIFFS" that Pres. Trump proposed; they are ENJOYING their unfair trade practices against us:
Trump’s right, China and the G-7 countries do have higher tariffs
President Trump has just slapped a 25 percent tariff on about $50 billion worth of Chinese products. His complaint is that China imposes significantly higher tariffs on the U.S. than the U.S. imposes on China. According to the World Trade Organization, the president is correct.
Trump has been relentless in his assertion that China and other nations, including the G-7 countries, are taking advantage of the U.S. For example, in a recent tweet he wrote: “If we charge a country ZERO to sell their goods, and they charge us 25, 50 or even 100 percent to sell ours, it is UNFAIR and can no longer be tolerated. That is not Free or Fair Trade, it is Stupid Trade!”
It’s worth noting that we don’t actually “charge a country” to sell their products in the U.S. A tariff is a tax the U.S. government imposes on U.S. residents if they buy a foreign product or service.
When other countries impose higher tariffs and barriers on U.S. products and services, that action makes our products and services less attractive or less available to foreign consumers. That’s why Trump thinks the U.S. trade deficit is so large. One doesn’t have to be a protectionist to realize the president has a point.
One reason for developing a WTO-type averaging is tariffs are so varied and complicated. A country may have high tariffs on some products — as Canada imposes on dairy imports — and either very low or no tariffs on many others.
For example, President Trump complains that the E.U. imposes a 10 percent tariff on U.S.-made cars, while the U.S. imposes a 2.5 percent tariff on foreign-made cars. But Trump never mentions the 25 percent tariff the U.S. puts on foreign-made light trucks. And yet Americans buy twice as many trucks as cars, magnifying the impact of the 25 percent foreign-made truck tariff.
So Trump’s point that our trading partners impose higher tariffs and more restrictions than we do appears to be correct, according to the WTO. And those higher tariffs could discourage foreign consumers from buying U.S. products, exacerbating the trade deficit.
http://thehill.com/opinion/internati...higher-tariffs