Image of snippset from the WH post showing the tariff equation.
https://cdn.fosstodon.org/media_attachments/files/114/273/874/586/291/794/original/c246819d34738827.png
The "geniuses" at the White House are trying to put a lipstick on this pig by posting this equation for the tariff supposedly charged by other countries, with impressive-looking Greek symbols.
As many have pointed out, the ϵ * φ factor is 1, since they chose ε = 4 and φ = 0.25; hence, the formula reduces to simply the trade deficit divided by imports, which has no relationship with the actual tariff rates charged by the country on U.S. goods.
https://ustr.gov/issue-areas/reciprocal-tariff-calculations
9/n
GNU social JP is a social network, courtesy of GNU social JP管理人. It runs on GNU social, version 2.0.2-dev, available under the GNU Affero General Public License.
All GNU social JP content and data are available under the Creative Commons Attribution 3.0 license.