This is an insane timeline. The goods deficit-to-imports ratio with the EU was 38.9% in 2024. If we divide the $235.6bn trade deficit by the $605.8bn in total imports from the EU, that’s the ratio. Seems to apply to most countries except the ones for which the balance is roughly even.
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Sander Tordoir
Wow this is wild.
James: "The Trump team didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us."
James: "The Trump team didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, 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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