Totally unfounded and unnecessary tariff based on a bullshit tariff figure from their side. Percentage trade deficit is not – in any way – a tariff charged to the U.S
Our president is easily the dumbest man alive. I can’t believe this is the reality we are in rn.
Dont give a fuck, Im happy to phase america out of this world alltogether. I dont read any news article that has his ugly melted orange raisin face on anymore.
>Just figured out where these fake tariff rates come from. They 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.
>So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.
62MNOK / 82.7MNOK = 75%. So that guy’s math doesn’t math for Norway. I wonder what calculation the Trump admin put behind the numbers. if any…. Because we don’t have 30% tariffs on the US…
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Totally unfounded and unnecessary tariff based on a bullshit tariff figure from their side. Percentage trade deficit is not – in any way – a tariff charged to the U.S
Our president is easily the dumbest man alive. I can’t believe this is the reality we are in rn.
Dont give a fuck, Im happy to phase america out of this world alltogether. I dont read any news article that has his ugly melted orange raisin face on anymore.
I saw this post on X: [https://x.com/JamesSurowiecki/status/1907559189234196942](https://x.com/JamesSurowiecki/status/1907559189234196942)
>Just figured out where these fake tariff rates come from. They 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.
>So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.
I did the same calculation for Norway [using numbers from SSB](https://www.ssb.no/utenriksokonomi/utenrikshandel/statistikk/utenrikshandel-med-varer/artikler/norges-handel-med-usa).
62MNOK / 82.7MNOK = 75%. So that guy’s math doesn’t math for Norway. I wonder what calculation the Trump admin put behind the numbers. if any…. Because we don’t have 30% tariffs on the US…
Paul Krugman, a renowned economist in the US, is also wondering how they came to these percentages: [https://paulkrugman.substack.com/p/trump-goes-crazy-on-trade?open=false](https://paulkrugman.substack.com/p/trump-goes-crazy-on-trade?open=false)
who is paying this ?
their own small business will suffer no ?
The USA is in a protectionism mode, but why is this unfamiliar in Norway? Norway did not join the EU to protect the local farmers.
But Svalbard and Jan Mayen was only at 10, so if we really wanted to keep going, we have options
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