3 ms·
> I haven't heard a single analyst find sense in how tariff levels were set per country - someone did notice that it appeared a very simple formula had been app
by Izkata 2y ago
> I haven't heard a single analyst find sense in how tariff levels were set per country - someone did notice that it appeared a very simple formula had been applied, one that has no basis in economic theory.
I find it funny people keep talking about someone figuring out it out when they actually published it, including the reasoning with references at the bottom: https://ustr.gov/issue-areas/reciprocal-tariff-calculations https://ustr.gov/issue-areas/reciprocal-tariff-calculations
- olddustytrail 2y agoPeople figured it out first that what they'd done was tariff_rate = deficit / imports Then they published the above article trying to claim it was more complex than that, except people pointed out that the formula they gave reduces to tariff_rate = deficit / imports So it was a rather foolish effort.
- rsynnott 2y agoNote the “find sense in” bit. People know how they did it, it’s just that how they did it is completely nonsensical.