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Via Angry Staffer:

I was thinking that none of those numbers made sense, but holy fuck this is insane

#TrumpTax #tariffs
James Surowiecki: Just figured out where these fake tariff rates come from. They 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. So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is. James Surowiecki: It's also important to understand that the tariff rates that foreign countries are supposedly charging us are just made-up numbers. South Korea, with which we have a trade agreement, is not charging a 50% tariff on U.S. exports. Nor is the EU charging a 39% tariff. U.S.A. Discounted
#tariffs #trumptax
Dieser Beitrag wurde bearbeitet. (2 Wochen her)
Bodling
And since so many of us have our eyes glaze over when we see lots of numbers all at once, the rates won't be widely questioned, but, of course, will be fiddled with later on as various countries grant, say, building permits for golf courses.
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