Tariffs and Logic

One of the countries who got caught up in the 'Liberation Day' crossfire was Vietnam. Through an arbitrary and poorly informed process, Vietnam was slapped with a 46% tariff.

According to Zeihan, Trump's team is filled with loyalists that lack any semblance of expertise in their designated areas, so these inflated tariffs are more about pleasing Trump than logic. Which doesn't make for great economic policy in case you were wondering.

Vietnam has been a key ally in reducing US dependence on China, but since Vietnam doesn't import enough from the US due to the income disparity, Trump and his lackeys sniffed a trade deficit and abracadabra; punitive tariffs.

Be sure to check-in tomorrow for a deeper dive into the illogical nature of this pseudo-policy....