Tariffs

Before you read this, please read the page on the trade deficit

We should stop blaming other countries for our trade deficit. However, we should make it clear to other countries and to our consumers that we cannot afford to continue to import goods and services that we cannot repay with exports. The tax on people who buy imported goods that the US cannot afford will be increased until we have balanced trade

Ground Rules

1. Imports will be taxed equally, regardless of country, company or product
2. The exemptions to this will be countries that are hostile to our national security
3. Our US tariff will be 3.0%, which is about the average for the goods the US imports
4. For every month of a trade deficit, our tariff will go up 0.1%
5. For every month of trade surplus, our tariff will go down 0.1%
6. We will track tariff rates below 0.0% but will enforce it at 0.0%
7. The tally of exports will include the sale of debts