[rsynnott]

> The effective pair wise tariff rate of these countries is still larger than the US and simply brings it more in line.

^ is, er, not true, though.

They based it on _trade deficits_ (plus some random messing around which resulted in some uninhabited islands with no trade or independent trade policy being assigned a value), not tariffs. Which makes no sense at all.

[dani__german]

it turns out if you leave islands out of your regulatory schemes, they become loopholes later on. See Ireland, the Cayman Islands, etc. etc.