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Note that the reciprocal tariff regime essentially means that foreign countries should pay the U.S. half of our trade deficit.

E.g., if they export $10b to us and we only export $2b to them, they (our importers really) should pay us half the difference =$4b. It's not half their profits or half their tariffs, it simply half of their export minus import revenues.

Mind-boggling and infantile.

Markets this morning are on track to wipe out nearly $2T from US stocks.

https://finance.yahoo.com/news/trump-tariffs-set-wipe-nearly-120038363.html
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