An accord for 100% tarifs against the US from the whole world

[Dauphin]

Currently unapproved:

OMFG. China is at 2.3% vs 1.5%, EU at 1.4% vs 1.5%, etc. That clearly justifies a 10% baseline tariff plus additional metrics. It's bogus is the point you are missing..


If you want to know how they are actually calculating it, consult this, from the Office of the President:

https://ustr.gov/issue-areas/reciprocal-tariff-calculations

It clearly indicates it is based on trade deficits and nothing to do with tariffs levied by other countries.

[Dauphin]

Trying to post a link that shows its a bull**** calculation using trade deficits and nothing to do with actual tariffs, but getting unapproved notifications.

[Berzerker]

I like old cars, fewer things go wrong and cheaper to repair. Dauphin's link says China has a 2.3% tariff rate and the USA is 1.5%. Trump wants a ~34% raise which would put us at about 2% wrt China. It should be 2.3%, he's still treating them better than they treat us and that's without all the crap they do to us on the side (I'm sure we're doing crap to them).

I don't know Trump's motive but I know he and Maga were Ross Perot's movement to restore US manufacturing. Does he prefer revenue from tariffs over other taxes or is he a committed fair trader or protectionist? US policy following WWII was to ship jobs out of the country to buy friends, Trump is trying to reverse that trend. I'd prefer to see everyone with the same, small tariff but politics wont allow that.

[Berzerker]

You should do some research before posting next time, because otherwise you look like an idiot.

Dauphin did my research for me

I play chess, you play checkers

[Berzerker]

Trying to post a link that shows its a bull**** calculation using trade deficits and nothing to do with actual tariffs, but getting unapproved notifications.

Accountants use all sorts of factors, tariffs ain't the only way to restrict trade. Instead of complaining about Trump maybe China should drop it's rate to 1.5%

the funny thing is the countries whining about this probably have more barriers on our stuff.

[Dauphin]

I like old cars, fewer things go wrong and cheaper to repair. Dauphin's link says China has a 2.3% tariff rate and the USA is 1.5%. Trump wants a ~34% raise which would put us at about 2% wrt China. It should be 2.3%, he's still treating them better than they treat us and that's without all the crap they do to us on the side (I'm sure we're doing crap to them).

1.5 + 34 = 35.5.

[Dauphin]

Dauphin did my research for me

I play chess, you play checkers

You play chess like a pigeon.

[Ming]

Most REAL economists tell us that his BS tariffs will hurt the economy and not help. While it "could" bring back "some" manufacturing jobs, it sure won't do all the things that Trump claims. Plus, many of the manufacturing jobs will be handled by robots and AI.
His long term view is a delusion at best. He's a senile old fart that only knows how to say Tariffs but has no clue the harm they will cause for Americans.
So get used to higher prices and inflation. And don't expect to see his NEW ECONOMY anytime soon... unless his new economy is something that will just screw Americans.

[BeBMan]

True, unfortunately.

[N35t0r]

Dauphin did my research for me

I play chess, you play checkers

Right, only you need to start your research at second or third grade. My 7-year-old is better at math than you.

[BeBMan]

I like old cars, fewer things go wrong and cheaper to repair.

Thus in Russia new cars are basically still old cars.

[BeBMan]

Trying to post a link that shows its a bull**** calculation using trade deficits and nothing to do with actual tariffs, but getting unapproved notifications.

So Trump is set for two Nobel prizes this year already, one for peace in Ukraine, and now for economics. They could still throw in a nomination for literature.

[giblets]

Trump is calling this discounted reciprocal tariffs

He's proposing a rate roughly half of what other countries charge our products.

and the world whines

f these countries

they drop their rates on our stuff and Trump drops his rates, we already have reciprocal 10% rates with a number of countries

Internet users and experts are accusing the Trump administration of using ChatGPT to determine the percentages in the tariff plan he presented during the "Make America Wealthy" event on Wednesday.

The theory was first floated by Destiny, a popular political commentator. He accused the administration of using ChatGPT to calculate the tariffs the U.S. is charged by other countries, "which is why the tariffs make absolutely no ****ing sense."

"They're simply dividing the trade deficit we have with a country with our imports from that country, or using 10%, whichever is greater," Destiny, who goes by @TheOmniLiberal on X, shared in a post on Wednesday.
​
He attached a screenshot of his exchange with the AI bot. He started by asking ChatGPT, "What would be an easy way to calculate the tariffs that should be imposed on other countries so that the US is on even-playing fields when it comes to trade deficit? Set minimum at 10%."

"To calculate tariffs that help level the playing field in terms of trade deficits (with a minimum tariff of 10%), you can use a proportional tariff formula based on the trade deficit with each country. The idea is to impose higher tariffs on countries with which the U.S. has larger trade deficits, thus incentivizing more balanced trade," the bot responded, along with a formula to use.

John Aravosis, an influencer with a background in law and journalism, shared a TikTok video that then outlined how each tariff was calculated; by essentially taking the U.S. trade deficit with the country divided by the total imports from that country to the U.S.
​
"Guys, they're setting U.S. trade policy based on a bad ChatGPT question that got it totally wrong. That's how we're doing trade war with the world," Aravosis proclaimed before adding the stock market is "totally crashing."

The S&P 500 fell by more than 4% while Nasdaq slid by more than 5% on Thursday in what Peter Tchir, head of macro strategy at Academy Securities, called a disaster, The New York Times reported.
​

https://www.latintimes.com/trump-accused-using-chatgpt-create-tariff-plan-after-ai-leads-users-same-formula-so-ai-579899

It is interesting how conspiracy theorists can be completely credulous about everything Donald Trump says.

[Aeson]

Tariffs are dumb. Tariffs based on trade deficits are especially dumb. Few if any manufacturing jobs will come back to the US because of this. The cost to move manufacturing and increase pay is much higher than these tariffs in most cases.

These tariffs can only survive until Ds get the house/senate or the presidency, so no long term responses make sense.

There will be a net job loss in the US. A recession, if not a depression. Nothing fixed. Nothing gained.

[Dauphin]

Doubly dumb when you realise that countries with a trade surplus (like the U.K. which imports more goods from the U.S. than it exports) are being subjected to 10% tariffs. By Trumps logic the U.S. has a taking advantage of the U.K., and the answer is to smack on tariffs?

[Broken_Erika]

Doubly dumb when you realise that countries with a trade surplus (like the U.K. which imports more goods from the U.S. than it exports) are being subjected to 10% tariffs. By Trumps logic the U.S. has a taking advantage of the U.K., and the answer is to smack on tariffs?

Considering the fact that they are also putting 10% island that is uninhabited other that seals, seabirds and penguins i'd have to say that whoever wrote these tariffs is an imbecile.