Trump is aggressively addressing so many problems at once and getting results.
I don't know much about tariffs and the latest Trump tariff maneuver unveiled an aspect that I never thought of.
I wondered why Canada and Mexico got 25% tariffs while China got only 10%.
It appears Trump flexed his muscle to get Canada and Mexico to secure their borders. (
It appears to be working).
Another consequence of the tariffs affects China the most.
Apparently there was a loophole that allowed billions of dollars of import duties to be bypassed.
These billions will now go into US coffers and the flow of illegal drugs will have lost an easy path to the US.
This article contains most of what I know about the issue:
The Secret Tariff Code is Buried in ‘Section 2, Item (h)’ of the Executive OrderFTA:
It was reported last year that the U.S. was on track to receive a billion packages through the de minimis loophole that aren’t taxed and don’t have customs slips saying what they are. Making matters worse, illegal items are slipping through the cracks, including, knockoffs, unsafe items and even chemicals used to make fentanyl. The worst abuser that exploits this de minimis loophole is, by far, China.
[...snip...]
Put it all together and President Trump is executing an Emergency Act executive order, plus the imposition of a tariff review, and simultaneous interception of de minimis packages previously unchecked as the enforcement mechanism. All executed by the External Revenue Service.
Some of the comments to the article are informative and insightful as well.
