“The main products that Honduras exported to United States were Insulated Wire ($1.02B), Knit Sweaters ($921M), and Knit T-shirts ($824M).”
“The main products that United States exported to Honduras were Refined Petroleum ($2.23B), Non-Retail Pure Cotton Yarn ($490M), and Non-Retail Synthetic Staple Fibers Yarn ($358M).”
No. He is not saying it has to be an equal amount of the same product. We buy their coffee and they buy whatever product or combination of products we have to offer that amount to a similar dollar value (not absolute value of course as country sizes differ).
Re Trump, agree and I am worried he will ruin Vance’s chance in 2028. Vance is the future and can explain all of this almost as well as Oren. But he’s stifled under Trump.
A 10% permanent tariff would be at the point of entry, where coffee costs three or four dollars a pound. By the time it's sold at starbucks it would be pennies per latte. Far less than maybe an increase in wages due to renewed domestic manufacturing.
The US runs a trade surplus with Honduras.
“The main products that Honduras exported to United States were Insulated Wire ($1.02B), Knit Sweaters ($921M), and Knit T-shirts ($824M).”
“The main products that United States exported to Honduras were Refined Petroleum ($2.23B), Non-Retail Pure Cotton Yarn ($490M), and Non-Retail Synthetic Staple Fibers Yarn ($358M).”
Whoa thanks!
No. He is not saying it has to be an equal amount of the same product. We buy their coffee and they buy whatever product or combination of products we have to offer that amount to a similar dollar value (not absolute value of course as country sizes differ).
Re Trump, agree and I am worried he will ruin Vance’s chance in 2028. Vance is the future and can explain all of this almost as well as Oren. But he’s stifled under Trump.
A 10% permanent tariff would be at the point of entry, where coffee costs three or four dollars a pound. By the time it's sold at starbucks it would be pennies per latte. Far less than maybe an increase in wages due to renewed domestic manufacturing.
And 0% tariff for Hawaii, Puerto Rico, and California.