This annotated version of the formula used to compute Trump’s tariffs is hilarious.
The formula is bombastic window dressing for a simple calculation which still doesn’t make any sense.
Story: “Trump tariffs based on massive error, conservative think tank says”
See also: “The Trump White House Cited My Research to Justify Tariffs. They Got It All Wrong” #uspol
https://www.nytimes.com/2025/04/07/opinion/trump-tariff-math-formula.html
Paywall removed: https://archive.md/Sv7cv
@bascule that means when I import more than I export I will get a negative tariff?
@felix_eckhardt if you have no imports, the tariff is undefined!
@bascule so what did the penguins import? Fish?