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    Peter Krefting (nafmo@social.vivaldi.net)'s status on Friday, 04-Apr-2025 00:27:05 JSTPeter KreftingPeter Krefting

    It's all #FakeMath #Tariffs

    "Just figured out where these fake tariff rates come from (…), they just took our trade deficit with that country and divided it by the country's exports to us."

    https://xcancel.com/JamesSurowiecki/status/1907559189234196942

    #TangerineShitGibbon #PresidentBawbag #OrangeHitler #AgentOrange

    In conversationabout 9 days ago from social.vivaldi.netpermalink

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      James Surowiecki (@JamesSurowiecki)
      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.
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