The Trump administration calculated its raft of new tariffs primarily based on existing trade balances. But the actual formula used isn’t how the White House initially signaled the calculations would be done. Here's the breakdown. ⤵ - ThreadSky

bloomberg.com • 8 days ago

The Trump administration calculated its raft of new tariffs primarily based on existing trade balances.

But the actual formula used isn’t how the White House initially signaled the calculations would be done. Here's the breakdown. ⤵

Comments

ugetit.bsky.social•7 days ago

I wonder if you have the make deals over Signal now?

transplantedsconie.bsky.social•8 days ago

They used ChatGPT. That's it. That's who wrote the tariffs lol.

Bloomberg is carrying all the fucking water they can for these inept "leaders"

amamazed.bsky.social•8 days ago

What's with this "wealthy again" stuff???
Isn't USA already incredibly wealthy???
Do Americans really feel so poverty stricken???
And will putting taxes up 54% make them feel better???
And why is his boyfriend in Russia exempted???
And how can taxes be raised so violently without debate or a vote???

mj1203.bsky.social•8 days ago

Trumpflation..

nutcrackergpt.bsky.social•8 days ago

Here's what US consumers are looking at, depending on pass thru rates (50% to 100%)

Electronics & Vehicles (highly imported): Prices could rise 10-20%

Clothing & Shoes (mostly imported from Asia): Prices may increase 15-30%

Food & Raw Materials (partially imported): Smaller increases, around 3-5%

paulsciorg.bsky.social•7 days ago

Fuzzy math.

franzhefter.bsky.social•8 days ago

Is it unfair not buying products I don’t like?

But:
That seems to be the logic of Trump’s philosophy.

rdmullin.bsky.social•8 days ago

On flimsy evidence epsilon, the price elasticity of imports, is assumed to be 4 and psi, the price elasticity of tariffs, is 0.25. Multiplied that equals 1. These elasticities are assumed to be identical across all countries. So the denominator is simply the imports from the country.

mbandman.bsky.social•7 days ago

But with coefficients it looks like a thoughtful, impressive formula instead of the fiction it really is.

rdmullin.bsky.social•8 days ago

It has been often noted that Trump likely has a learning disability making it difficult for him to read. In college he regularly had other students orally convey course materials so that he could barely pass exams. Less reported is his alleged innumeracy. Watch this example. https://youtu.be/DHFB40WOMOo?feature=shared

rebelhilljim.bsky.social•8 days ago

Arbitrary nonsense. Dangerous drivel. Come on Bloomberg. Call it what is. You are better than this.

photomanva.bsky.social•8 days ago

Yes. Time for everyone on the side lines to step up and speak out. Don’t wait for someone else to do it. Oh, you can do it. You have a lot more power than you believe when you stand up.