I still have to confirm this but it looks optically right and yall…this is insane.
Reposted from
hi, no thanks
james surowiecki has discovered where the completely fabricated trump tariff rate has come from for each country
"...for every country, they just took our trade deficit with that country and divided it by the country's exports to us."
"...for every country, they just took our trade deficit with that country and divided it by the country's exports to us."
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He is going to make the greatest depression ever with his continued retribution tour.
It would actually be better if the real answer is "we made it up" to this. Oh my god
since the tariff rates are so wildly different, could I just take my goods and ship them to once country and then to the us to take advantage of "lower" tariffs? (10% is still obscenely high but let's pretend here...)
Same amount of stuff, just costs America a lot more.
Is that how this works?
That's insane right? So why do I feel like I'm the one losing my mind.
Literally a madman at the WH and no one is stopping him.
What source are you using for your balance of trade figures?
So it's the same tariff whether it's a deficit or a surplus?
strictly speaking it's max(0.1, (-1 * trade deficit / total exports))
Using Census one is a bit off
https://bsky.app/profile/scottlincicome.bsky.social/post/3llums5npkx2v
Probably just good trigger catch phrases so MAGA & state run media, I mean Fox can repeat it endlessly for the next week
It would really break through the sane-washing nonsense that all these analysts, bankers, and billionaires have been peddling.
1/2
We need someone smart & passionate to just do a mad as hell & call these dopes out---there is no plan. There is no "certainty"
Steve Liesman? Maybe Faber if he's done a few shots.
2/2
- Trump does something crazy
Oh, I'm sure it won't last.
- Does something crazier
OK, there must be something we're missing.
No! You're not!
https://www.youtube.com/watch?v=qlyDnbNBiXE
https://bsky.app/profile/dansinker.com/post/3llunnyfeoj2v
(exports - imports) / exports = trump’s magical formula.
This makes it clearly insane to everyone.
this is the series from BEA
https://apps.bea.gov/iTable/?ReqID=62&step=2&_gl=1*120zvyh*_ga*MTYwMDA2NDU2OC4xNzQzNjM2MjMw*_ga_J4698JNNFT*MTc0MzYzNjIzMC4xLjEuMTc0MzYzNjMxMS40My4wLjA.#eyJhcHBpZCI6NjIsInN0ZXBzIjpbMiw2XSwiZGF0YSI6W1siVGFibGVMaXN0IiwiMzEwMDIiXV19
Christ almighty.