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

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Makes sense... I guess we will see how it plays out.

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