>One of the sheets claims that the Heard and McDonald Islands currently charge a “Tariff to the U.S.A.” of 10 percent, clarifying in tiny letters that this includes "currency manipulation and trade barriers."
> One of the sheets claims that the Heard and McDonald Islands currently charge a “Tariff to the U.S.A.” of 10 percent, clarifying in tiny letters that this includes "currency manipulation and trade barriers." In return, the sheet says that the US will charge "discounted reciprocal tariffs" on the islands at a rate of 10 percent.
https://x.com/JStein_WaPo/status/1907536257476903047 first picture clearly shows "Heard and McDonald Island: Tariff charged to the USA including currency manipulation and trade barriers: 10% USA Discounted Reciprocal Tariffs: 10%" and the same for the next line below it, Svalbard and Jan Mayen.
That same picture also shows the British Indian Ocean Territory, which as of a few weeks ago is literally just the US Military base at Diego Garcia. They also are listed as charging a 10% tariff including currency manipulation and trade barriers.
They specifically called out all of these locations in the papers they handed out to journalists.
I mean I'm assuming that these junk numbers were put together at the last minute by some intern when it was realised there was no plan. I seriously doubt anyone involved has ever heard of any of these places; they just made up some numbers and moved on.
If you don't list this location, perhaps it could be used for helping American buyers evade tariffs. The shipment just wouldn't mention Australia, and somehow slip through the cracks.
Only those that have their own ISO 3166-1 codes, so may be considered separate countries for trade purposes. (Heard and McDonald are HM. Compare also Hong Kong at HK.)
We have always been at war with the penguins!
>One of the sheets claims that the Heard and McDonald Islands currently charge a “Tariff to the U.S.A.” of 10 percent, clarifying in tiny letters that this includes "currency manipulation and trade barriers."
Retaliation on the penguins is only fair.
"The president said there will be a "baseline" tariff of 10% on all imports" https://www.newsweek.com/trump-reciprocal-tariff-chart-20545...
The islands aren't actually on the list, just covered by the baseline afaik
https://www.wired.com/story/trump-tariffs-antarctic-islands-...
> One of the sheets claims that the Heard and McDonald Islands currently charge a “Tariff to the U.S.A.” of 10 percent, clarifying in tiny letters that this includes "currency manipulation and trade barriers." In return, the sheet says that the US will charge "discounted reciprocal tariffs" on the islands at a rate of 10 percent.
They seem to specify some odd islands.
https://x.com/JStein_WaPo/status/1907536257476903047 first picture clearly shows "Heard and McDonald Island: Tariff charged to the USA including currency manipulation and trade barriers: 10% USA Discounted Reciprocal Tariffs: 10%" and the same for the next line below it, Svalbard and Jan Mayen.
That same picture also shows the British Indian Ocean Territory, which as of a few weeks ago is literally just the US Military base at Diego Garcia. They also are listed as charging a 10% tariff including currency manipulation and trade barriers.
They specifically called out all of these locations in the papers they handed out to journalists.
I mean I'm assuming that these junk numbers were put together at the last minute by some intern when it was realised there was no plan. I seriously doubt anyone involved has ever heard of any of these places; they just made up some numbers and moved on.
The administration just didn't want anyone to feel left out, I guess.
If you don't list this location, perhaps it could be used for helping American buyers evade tariffs. The shipment just wouldn't mention Australia, and somehow slip through the cracks.
Doesn’t that mean you have to list all the islands?
Only those that have their own ISO 3166-1 codes, so may be considered separate countries for trade purposes. (Heard and McDonald are HM. Compare also Hong Kong at HK.)
Australia's Christmas Island still harbours a Red Menace: https://www.youtube.com/watch?v=IbpvWsBpr4E
C'mon US administration, April fools was yesterday!