This is nonsense. The “non-reciprocal trade arrangements” mentioned don’t obviously exist at all, and, to the extent they exist, they are certainly not measured in any meaningful respect by the formulas going into the tariffs.
Having spent a whopping ten minutes finding official data (and I have no idea how good this data is as a whole — probably mediocre but far better than whatever nonsense the USTR is doing):
(a) The EU seems to thing that they run a trade surplus with us in goods and a deficit in services, and they’re close to balancing out.
(b) The US’s own data shows a net surplus with some countries and a net deficit with others. See here, page 28:
If the US was trying to negotiate sensibly and to identify anything remotely non-reciprocal, they would be rewarding the countries with positive numbers in that table! The US should be delighted to trade with Australia, Brazil, Belgium, the Netherlands, etc! By all means, we should buy more widgets and sell more fancy services!
As a silly analogy: if your housemate goes on a wild drunken rampage and starts trashing everything in sight while screaming “you need to reciprocate and wash the dishes more often and I will continue trashing things until you wash the dishes reciprocally,” the situation is not a viable negotiation tactic.
Having spent a whopping ten minutes finding official data (and I have no idea how good this data is as a whole — probably mediocre but far better than whatever nonsense the USTR is doing):
(a) The EU seems to thing that they run a trade surplus with us in goods and a deficit in services, and they’re close to balancing out.
(b) The US’s own data shows a net surplus with some countries and a net deficit with others. See here, page 28:
https://www.census.gov/foreign-trade/Press-Release/current_p...
If the US was trying to negotiate sensibly and to identify anything remotely non-reciprocal, they would be rewarding the countries with positive numbers in that table! The US should be delighted to trade with Australia, Brazil, Belgium, the Netherlands, etc! By all means, we should buy more widgets and sell more fancy services!
As a silly analogy: if your housemate goes on a wild drunken rampage and starts trashing everything in sight while screaming “you need to reciprocate and wash the dishes more often and I will continue trashing things until you wash the dishes reciprocally,” the situation is not a viable negotiation tactic.