Tariffs
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Stable Genius
plays 5D chess. -
There are good economists in the Council of Economic Advisers who likely helped invent this "formula." People like Kim Ruhl. He is a trade economist. I suspect his credibility is shredded for all time coming. For a few pieces of silver he ...
Back in the day, the CEA's role was to represent the economics profession and to tell truth to power. I know many people who have served well in that role over the years. Those days are in the rear view mirror.
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There are good economists in the Council of Economic Advisers who likely helped invent this "formula." People like Kim Ruhl. He is a trade economist. I suspect his credibility is shredded for all time coming. For a few pieces of silver he ...
Back in the day, the CEA's role was to represent the economics profession and to tell truth to power. I know many people who have served well in that role over the years. Those days are in the rear view mirror.
I think you may be giving these guys too much credit.
Saw an article where a guy asked 3 different AI things the best way to calculate a fair tariff. All three came up with the formula they ended up using. I don’t do AI - would someone like to test this? My guess the formula was generated by some snot nosed kid who then drove back to his mother’s basement in a WankPanzer to spend the rest of the night whining on line about how he can’t get a date.
No? Ask AI things to name every country in the world and you get the exact list of countries affected by the tariffs.
Including uninhabited islands.
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The good news about Trump’s tariffs. Jonathan Chait writing for the Atlantic.
Authoritarian leaders are most dangerous when they’re popular. Wrecking the economy is unlikely to broaden Trump’s support..
When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier
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Trump White House cited economists for its tariff formula. They pan it.
Economists say the administration’s formula fails to take into account whether conditions change.
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Add the Falkland Islands to the list of "what the hell?"
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Barstool Sports founder Dave Portnoy blasted President Donald Trump over his sweeping tariffs that have sent the stock market into chaos this past week.
Portnoy, a supporter of Trump, said that he is “down” $7 million across the stock market and cryptocurrency as Trump’s tariffs continue to wreak havoc on the economy. Trump announced a 10% tariff on all imports into the U.S. earlier this week despite economists’ warnings that it could send the country into a recession.
Portnoy said that he does not understand the point of the tariffs.
“I’m down 7 million bucks in stocks and crypto, and it’s tariff city. Trump has put his tariffs all over the place. I’ve been trying to understand them. I don’t. Like it’s more a trade deficit tariff. To me, like, hey, we get this much sh-t from you, and you get this much from us. Let’s even that up. Let’s get some wacky formula, do tariffs. And everything’s in the sh-tter because of it,” he said in a video that is circulating on social media.
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The good news about Trump’s tariffs. Jonathan Chait writing for the Atlantic.
Authoritarian leaders are most dangerous when they’re popular. Wrecking the economy is unlikely to broaden Trump’s support..
The good news about Trump’s tariffs. Jonathan Chait writing for the Atlantic.
Authoritarian leaders are most dangerous when they’re popular. Wrecking the economy is unlikely to broaden Trump’s support..
Please let people see what’s happening and actually get angry in the right direction.
Please. -
Leopards, faces, etc.
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Add the Falkland Islands to the list of "what the hell?"
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The formula used by the Trump administration to levy reciprocal tariffs contains a serious math error that over-inflates the impact by about a factor of four, economists at the American Enterprise Institute said.
Why it matters: The conservative think tank says the error led to tariff rates massively higher than they should have been to achieve the goals the administration sought.
When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier
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The formula used by the Trump administration to levy reciprocal tariffs contains a serious math error that over-inflates the impact by about a factor of four, economists at the American Enterprise Institute said.
Why it matters: The conservative think tank says the error led to tariff rates massively higher than they should have been to achieve the goals the administration sought.
The conservative think tank says the error led to tariff rates massively higher than they should have been to achieve the goals the administration sought.
it's all so stupid.... and this administration will never admit to any mistakes, so we'll have to live with the consequences forever.
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The formula used by the Trump administration to levy reciprocal tariffs contains a serious math error that over-inflates the impact by about a factor of four, economists at the American Enterprise Institute said.
Why it matters: The conservative think tank says the error led to tariff rates massively higher than they should have been to achieve the goals the administration sought.
Why it matters: The conservative think tank says the error led to tariff rates massively higher than they should have been to achieve the goals the administration sought.
Depends on what you think the goals are.
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Why it matters: The conservative think tank says the error led to tariff rates massively higher than they should have been to achieve the goals the administration sought.
Depends on what you think the goals are.
@Steve-Miller said in Tariffs:
Why it matters: The conservative think tank says the error led to tariff rates massively higher than they should have been to achieve the goals the administration sought.
Depends on what you think the goals are.
Indeed. The administration wanted big numbers, so the formula was designed to give them big numbers.
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America Underestimates the Difficulty of Bringing Manufacturing Back
On April 2nd, 2025, our president announced major new taxes on imports from foreign countries (“tariffs”), ranging from 10% to 49%. The stated goal is to bring manufacturing back to the United States and to “make America wealthy again”.
These tariffs will not work. In fact, they may even do the opposite, fail to bring manufacturing back and make America poorer in the process.
This article gives the 14 reasons why this is the case, how the United States could bring manufacturing back if it were serious about doing so, and what will ultimately happen with this wrongheaded policy
I’ve been in the manufacturing industry for 15 years. I’ve manufactured in the USA and in China. I worked in a factory in China. I speak and read Chinese. I’ve purchased millions of dollars worth of goods from the US and China, but also Vietnam, Indonesia, Taiwan, and Cambodia. I’ve also visited many factories in Mexico and consider myself a student of how countries rise and fall.
In other words, unlike many who have voiced an opinion on this topic, I know what I am talking about. And that’s why I felt compelled to write this article. I had to do it. I’m a first generation American and I love my country and it pains me to see it hurtling at high speed towards an economic brick wall. This article is an attempt to hit the brakes.
https://www.molsonhart.com/blog/america-underestimates-the-difficulty-of-bringing-manufacturing-back
