James seems to have cracked the secret of Trump's tariffs?
It's astonishingly stupid: the US have assumed that any difference between what goods they sell a country and what goods they buy from that country is a "tariff".
Totally bonkers!
Link to full Twitter thread below.
https://x.com/jamessurowiecki/status/1907559189234196942?s=46
It's astonishingly stupid: the US have assumed that any difference between what goods they sell a country and what goods they buy from that country is a "tariff".
Totally bonkers!
Link to full Twitter thread below.
https://x.com/jamessurowiecki/status/1907559189234196942?s=46
Comments
Still those [insert whateva] who only consume news from MSM will have no idea. They'll believe either the far right narrative, or the disinterested outlets that are already obeying in advance & not adding this much needed context.
Alas that's the point.
Looks at BBC again!!!
He REALLY thinks a tariff is what the rest of the world callsa trade surplus or defecit hence his weird calcs?
PLEASE wake me up when this is all over