- In the CEO today: Sean takes over the US use of non -sharp barriers.
- The big story: Musk under pressure to leave Doug and becomes tiny polluted.
- Markets: The dollar and the S&P 500 are low, but Asia looks well.
- Analyst notes From Apollo on Recession, Oxford Economics on Drifs and Goldman Sachs on stocks.
- plus: All news and water chat from luck.
Good morning. For weeks, I was digging in the war of tariffs that hesitated around the world and influence almost every industry. For me, the great ambiguity of the Crusader campaign is separated by Trump: The duties of the “Tahrir Day” are separated completely threatening it with what other countries charge on our exports. In almost all cases, Trump’s tariff is larger several times. How does this giant Gulf justify? The president claims that we are “rupture” not through excessive tariff, but rather “non -striking barriers” (NTBS), such as shares and technical standards that systematically prevent our goods from foreign markets, while we open America with the “cheaters” who close us. But the data shows a different story. When it was dug, it became clear that the United States uses many strategies that we have created commercial partners to impose. Here are what leaders should know about the policies behind this chaotic debate:
Very respectful evidence To where the commercial policies of different countries stand on the spectrum from the open to the restriction, the international commercial barrier index gathered by the Tholos Foundation, Washington, DC, focuses on tax reform and policy research. For 2024, the TOLOS data has placed the United States as the twenty -fourth of the world’s twenty -fourth economy from a list of 88 countries, based on the number of restrictions on the trade imposed by each country. In general, we are about 10 % higher than the average in the total restrictions – on a list that includes many bad actors.
NTBS comes in a wide range of shapes. They include such practices as classes, technical standards, packing, marking, licensing, and safety requirements. In a study conducted in 2024, the St. Louis Federal Reserve stated that it has through 15 industrialized sectors, NTBS covered more than two -thirds of the imports of components, goods and final products.
The United States is a thirsty user for a protectionist tool The “customs tariff rate” is called. Despite its name, TRQ is actually an unlikely barrier because it does not impose duties. TRQs usually allow products or commodities to enter the country exempt from fees to a certain level, and as soon as imports reach that the ghost leads to a prohibited high tariff, the outcomes of the competitive products and commodities stopped from the outside, and enforce a fixed share of the armor shield. A higher example: the sugar market, where, according to the law, the rules of the US Department of Agriculture are bound to produce the minimum prices in general from international markets. The Kato Institute’s study announced: “The United States government is the country’s sugar Cartel leader.” – Sean Tawouli
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Call the executive daily via Diane Brady at Diane.brady@fortune.com
This story was originally shown on Fortune.com
