Bell@lemmy.world to

News@lemmy.world · 2 days ago

The simple math behind Trump’s tariffs: How the White House calculated the new rates and why it’s not reciprocal at all

www.the-independent.com

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The simple math behind Trump’s tariffs: How the White House calculated the new rates and why it’s not reciprocal at all

www.the-independent.com

Bell@lemmy.world to

News@lemmy.world · 2 days ago

The simple math behind Trump’s tariffs

www.the-independent.com

With the help of a large chart, the president unveiled his latest wave of tariffs on Wednesday, on what he called ‘Liberation Day’

Financial journalist James Surowiecki noted the tariff rate for other nations Trump showed off is not related to a tariff American manufactures pay, but a calculation using the trade deficit.

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floofloof@lemmy.ca
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2 days ago
Ah, so not only does he not understand what a tariff is, he doesn’t even really understand the concept of money.
- tomi000@lemmy.world
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  1 day ago
  Sounds about right

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