Trump’s Erroneous Tariffs: A 400% Math Mistake or Malicious Intent?
President Trump’s newly announced tariffs, ranging from 10% to 50%, have triggered significant market downturn and recessionary fears. These tariffs, purportedly reciprocal, are calculated using a flawed formula that inflates foreign tariffs fourfold by misinterpreting price elasticity data. Correcting this error would dramatically reduce the tariffs to near the 10% minimum for most countries. The administration’s formula lacks economic justification, raising concerns about the soundness of the underlying trade policy.
John Q. Hosedrinker