Covarrubias: Beyond Reciprocity: Market Size and North America's Industrial Advantage – Rio Grande Guardian

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Covarrubias: Beyond Reciprocity: Market Size and North America's Industrial Advantage – Rio Grande Guardian

President Trump’s administration’s America First Trade Policy, reinforced by the recently announced “Fair and Reciprocal Plan,” represents a significant shift in U.S. trade strategy. At its core, the policy presents an appealing narrative: If other countries impose higher tariffs on U.S. goods than the U.S. does on theirs, then equalizing these tariffs should naturally lead to more balanced trade. This seemingly straightforward logic, however, o…