Tariff Letters

Mail time!

So, instead of arting the deals, the US government is going to resort to the epistolary arts.

https://twitter.com/RpsAgainstTrump/status/1940889319922979193

This may placate Trump supporters, but this is not “90 deals in 90 days.” Indeed, these aren’t even deals.

https://twitter.com/FreeTradeBryan/status/1940387637757681973

We’ll see what happens next. How much the rates will be, what kind of exceptions and carve-outs will be in place, and how trading partners react.

Whatever this might be called, it is not sophisticated deal-making. It is simply dictating terms and hoping there will be no significant response.

FILED UNDER: Economics and Business, International Trade, The Presidency, US Politics,
Steven L. Taylor
About Steven L. Taylor
Steven L. Taylor is a retired Professor of Political Science and former College of Arts and Sciences Dean. His main areas of expertise include parties, elections, and the institutional design of democracies. His most recent book is the co-authored A Different Democracy: American Government in a 31-Country Perspective. He earned his Ph.D. from the University of Texas and his BA from the University of California, Irvine. He has been blogging since 2003 (originally at the now defunct Poliblog). Follow Steven on Twitter and/or BlueSky.

Comments

  1. Kathy says:

    So, ChatGPT is in for a busy holiday weekend.

    4
  2. just nutha says:

    FreeTradeBrian is overly generous. I wouldn’t call preliminary proposals actual deals myself. Mais a son gout. (And my apologies for not being able to coordinate the alphabet symbols with the proper accents.)

    1
  3. Kurtz says:

    @just nutha:

    That’s Bryan with a “y”, thank you very much. FreeTradeBrian is a MAGA.

    1
  4. just nutha says:

    @Kurtz: My bad. I failed to double check spelling and don’t twit (but am one, in some cases 🙁 ).

    2
  5. JohnSF says:

    How the f@ck is any other state supposed to be able to deal with the US on this sort of basis?
    Standard MAGA response, as with much else, seems to be: “That’s your problem, chumps! lol-a-lol, troll-a-lol!”
    Which might be fine, from a strictly American perspective, but only if the assumption is the other parties cannot respond.
    Rule #1 of international relations: if you can, a good for a good, and a bad for a bad.

    Also, as arguably the keystone of the current global trading and finance system, the US has a good deal to lose from its ending.
    It’s all just shits and giggles until you set off a chain reaction in the currency, bond, and stock markets.
    Then you get the call: “This is 1929 on the line; we’d like a little chat about the downsides of being a dimwit …”

    As someone once said: “First as tragedy, then as farce.”

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  6. Gustopher says:

    @JohnSF: I think the 1929 comparisons are a bit silly, and show a lack of basic understanding.

    Smoot-Hawley tariffs were in 1930 and merely worsened the Great Depression. They were also passed by Congress, which is a much slower and less capricious process, so the situation was at lot more predictable — businesses really don’t like volatility. And the US imported a lot less stuff at the time, so the American consumers weee far more protected from it.

    It’s an utterly absurd comparison. 😉

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  7. JohnSF says:

    @Gustopher:
    There would not be any current congresspersons named Hoot and Smawley, by any chance?
    ‘Cause if you have to go, you might as well go giggling.

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