iiinova — where your digital self keeps evolving

jools2.bsky.social

@jools2.bsky.social

63 followers 140 following 32 posts

Posts Replies Media

jools2.bsky.social @jools2.bsky.social · 05/04/2025

Fairness has already left the stage. www.thestar.com.my/business/bus...

Highlighted sections of screenshot:

But, what is happening here is not "an eye for an eye” or "like for like”. Malaysia’s Trump tariff rate is 47 per cent, with a discounted rate of 24 per cent.

The Office of the United States Trade Representative (USTR) itself acknowledges that Malaysia’s average most-favoured nation tariff rate is 5.6 per cent.

Trump and the USTR are claiming that trade deficits can be corrected with US tariffs and that trade deficits exist because of the domestic policies of its trading partners, with nothing to do with the exorbitant privilege of the dollar being the world’s reserve currency for international trade, the production decisions made by US firms, or consumer demand for goods which cannot be produced within the US.

"If trade deficits are persistent because of tariff and non-tariff policies and fundamentals, then the tariff rate consistent with offsetting these policies and fundamentals is reciprocal and fair,” it said.

Fairness has already left the stage.

jools2.bsky.social @jools2.bsky.social · 31/12/2024

I abet clients in perpetuating lies about their brand and products, which I believe until. It's. Too. Late.

000

jools2.bsky.social @jools2.bsky.social · 26/11/2024