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.
@PfinkRat77409@Admiral_Zac@JonathanPieNews There’s thousand out there, go find them. It’s not my job to spoonfeed you any more information than I already have done, when it’s readily available and overwhelming in its consensus.
@PfinkRat77409@Admiral_Zac@JonathanPieNews And another still…
https://t.co/I12Whkq6CN
Honestly, there’s literally thousands of studies out there, not to mention the evidence of the rest of the modern world who moved on that archaic practice a long time ago.
@IsabelOakeshott Congratulations on writing what is quite possibly one of the most cringeworthy and embarrassing tweets I’ve ever had the displeasure to read. All of that unearned privilege, and you’re still a complete dimwit.
Important context from @DanNeidle So much special pleading and motivated reasoning when favourable tax treatment is reduced. Makes rational reform so hard. And why govts should think very hard before introducing any tax breaks. Once there they are very hard to get rid of.