Economics

> This calculation assumes that persistent trade deficits are due to a combination of tariff and non-tariff factors that prevent trade from balancing.

We give Vietnam apples, they give us a 15-course meal. The deficit is $250.

See how dumb this this is????

> This calculation assumes that persistent trade deficits are due to a combination of tariff and non-tariff factors that prevent trade from balancing.

We give Vietnam apples, they give us a 15-course meal. The deficit is $250.

See how dumb this this is????

https://ustr.gov/issue-areas/reciprocal-tariff-calculations

I cannot begin to fathom why they would publish this.

This is truly amazing. The Deputy White House Press Secretary is claiming that I'm wrong, and that the "tariff rates" on Trump's chart were calculated by "literally" measuring every country's tariffs and non-tariff trade barriers.

To prove it, he screenshots the formula the USTR https://t.co/g75FreEPbv

James Surowiecki

👨🏻‍🍳 Better cook than I look 👨🏻‍🍳 
🧪 Dada scientist 🧪 
📐 Student of design 📐 
👾 👾 👾 👾 👾 

 /ai-art

The formula doesn’t even make sense because it doesn’t say why everyone gets 10% base???

https://x.com/JamesSurowiecki/status/1907657860793696281