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Paul Krugman had some commentary on this https://paulkrugman.substack.com/p/will-careless-stupidity-kill-the https://paulkrugman.substack.com/p/will-careless-s

• mytailorisrich 2y ago
  That graph of the average US tariff rate over time, which I also saw in a BBC article, really brings home how seismic a change Trump's tariffs announcement is.
• howard941 2y ago
  So it has nothing to do with reciprocality but it's simply 10% or the trade deficit, whichever is larger?
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• sjsdaiuasgdia 2y ago
  "Who makes policy this way? The key point is that Trump isn’t really trying to accomplish economic goals. This should all be seen as a dominance display, intended to shock and awe people and make them grovel, rather than policy in the normal sense." Spot on. It's mob boss / bully tactics. Appeasing bullies does. not. work.