“In the Trump-dominated global economy, the U.S. gets plenty but gives nothing in return,” Axios reports.
“This is the reality of the asymmetric trade deals touted by the White House, which show how far foreign leaders will go to safeguard access to the U.S. market.”
“Trump announced agreements with Europe and Japan in which both agreed to drop their tariff rates to zero, promised eye-popping investments in the U.
S., and opened markets to American producers.”“In return, those countries get some assurance on their tariff rate — both 15%, and both of which could have been worse — even if it puts their industries at a disadvantage.”