I didn't say they have to be reciprocal or fair. I said Trump is being dishonest by claiming his tariffs are reciprocal or fair. Trump is engaging in protectionism, these are, ironically, traditionally liberal political stances.
There is a trade deficit between me and Mcdonalds. I have bought many burgers from them but they never buy anything from me but that's ok because trade doesn't have to be equal on all levels. McDonalds isn't unfair to me or cheating me out of my money because they don't buy stuff from me directly proportional to how much I have bought from them.
As it pertains to China I do support more aggressive tariffs on China but not because of the deficit rather because of their aggression, their IP theft, and a number of other factors. That is entirely different than the tariffs on our friends and neighbors.
Since when did McDonald's and EEF become countries? Point of fact: if McDonald's pays a tariff on supplies and/or food products imported from other countries, then EEF would, in fact, be paying McDonald's the same tariff percentage.
Tariff
A list or system of duties imposed by a government on imported or exported goods.Do you consider McDonald's drive-thru to be a port? Is that where they export their goods to customers?
Time to Educate EEF again.
There's a massive difference between wholesale, retail, and consumer purchases.
McDonald's is a retailer. They buy their inventory wholesale. Some of that inventory may be imported from Mexico, Canada, etc. if the US imposes a tariff on imported beef, then the distributor who sells that beef to McDonald's paid that tariff. The price McDonald's paid for that imported beef was, in fact, higher because they in turn pay the importer the tariff fee.
When EEF goes to McDonald's and orders his 4 Big Macs for lunch, he's paying the tariff on imported Canadian beef.
Tariffs are nothing more than another tax with regards to who ultimately pays it. So, yes, EEF is paying the tariff on Canadian beef at McDonald's, not because he eats more Big Macs than McDonald's buys whatever EEF sells for a profit, but because trade tariffs are ultimately paid by the consumer/end user. That's how taxes and any other cost a company must pay the government works.