(Meg Kelly/The Washington Post)“The United States has the lowest tariffs in the world — the lowest non-tariff barriers — and what do we get for that? And what does this have to do with the trade deficit? The picture changes again when you look at weighted average tariffs, rather than just a simple average. But here’s the rub: Even if the United States has the lowest tariffs, it does not automatically follow that that is the reason it has a big trade deficit. But Navarro goes too far to claim the lowest trade barriers in the world, even if you use the metrics preferred by the White House.

Source: Washington Post March 08, 2018 08:06 UTC