I have a guess but not a solid one. The way they determined the rates on these tariffs makes no sense at all. I wish they would have just explained it instead of pushing back and insisting it was based on real existing tariff rates. They really dropped the ball on this implementation.
If I was to hazard that guess, they don't care about services, services are already a dominant US product, no one can beat us. Manufacturing is where we are weak so they went after that. They want manufacturing to come back to the US in case of a war with China over Taiwan. They also don't want counter tariffs on services as again that's our major export. What's really interesting and I could be wrong here is I dont think anyone else has actually hit the US with tariffs on those same services. Its a very calm trade war so far. But its early
If I was to hazard that guess, they don't care about services, services are already a dominant US product, no one can beat us. Manufacturing is where we are weak so they went after that. They want manufacturing to come back to the US in case of a war with China over Taiwan. They also don't want counter tariffs on services as again that's our major export. What's really interesting and I could be wrong here is I dont think anyone else has actually hit the US with tariffs on those same services. Its a very calm trade war so far. But its early