BREAKING: The US has announced tariffs on countries:

Brazil 10%
Pakistan 30%
Sri Lanka 44%
Switzerland 31%
Cambodia 50%
South Africa 30$
United Kingdom 10%
China: 34%
India: 26%
European Union: 20%
Israel: 17%

Minimum tariff on all imports: 10%

Does anyone know how the tariffs are being levied?

@orthonormalist oops, fixed. Now we get that nice straight line https://t.co/MOeP5f4LFH

I wanted it to be a joke.

But it really does appear that the estimated tariff rates are simply the bilateral US trade deficit divided by US imports from that country.

That’s… insane. This chart is absurd.

Rory Johnston

Technowatermelon. Elder Millenial. Building Farcaster. 

nf.td/varun

https://x.com/rory_johnston/status/1907581170541330925?s=46&t=TVy9rDl3UkuxmVj4e18bOA

Growing veggies for the fine folks of Southeastern Massachusetts, w/ a focus on nutrient quality. Always interested in the evolution of digital payments.  🎩 

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I’m not gonna be to say…

Markets don’t like this.

It will cause prices to go up on a while mess of stuff