They’re saying—it doesn’t matter *why* you’re not buying enough from us (currency manipulation, tariffs, austerity, you hate us, etc), if you’re not buying enough, you get the tariff
What really makes zero sense is to 1) call it tariffs, 2) put an actual tariff next to it & call it “reciprocal”
Wow this is wild.
James: "The Trump team didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us."
Apr 2, 2025 23:10