Financial journalist James Surowiecki noted the tariff rate for other nations Trump showed off is not related to a tariff American manufactures pay, but a calculation using the trade deficit.
Just more proof that Trump is the dumbest of fox, except for all of those who voted for him. They are definitely much much much more stupid.
Is there any actual rationale for this calculation, even a bad one?
His logic is: I walk into a store and buy a hat for 10$ and sell them a shoe for 7$. This means the store ripped me off by 3$. To counter this, I will add a tarriff of (3/10)/2 = 15% to all business I do with this store so they dont dare sell me anything in the future.
Ah, so not only does he not understand what a tariff is, he doesn’t even really understand the concept of money, or math, or know the difference between a hat and a shoe.
