I'll be at Cannes Lions from June 22 to 26 and look forward to the conversations.
It's one of the few events where you get a real sense of what's on people's minds across advertising, media, tech, and creative. If you're going too, I'd love to connect!
#CannesLions
Did the White House use ChatGPT Vibe Code a retarded formula for our tariffs and then were too dumb to cover it up?
Yes. Here's the wildest trade story you missed today 🧵👇
After launching economic chaos and uncertainty with his tariffs, Trump now heads to FL for the rest of the week to host a Saudi-owned LIV golf tournament. https://t.co/LZdZTIoP29
@MCheapgas24@JamesSurowiecki Because the "math" here is what determines what is essentially an arbitrary number. It makes no sense and will crush US commerce. Because it was derived by morons for morons.
@DannyCopus@JamesSurowiecki@JavierBlas the point is that this about the level of thought that would go into this by not so bright high school sophomore. not the US government. it's idiotic. oversimplified. and not only doesn't look 1 move ahead, it doesn't even look at the board.
This is truly amazing. The Deputy White House Press Secretary is claiming that I'm wrong, and that the "tariff rates" on Trump's chart were calculated by "literally" measuring every country's tariffs and non-tariff trade barriers.
To prove it, he screenshots the formula the USTR says was used to calculate the reciprocal tariffs we imposed on other countries. And when you back out the Greek symbols, what is that formula? Trade deficit/imports - exactly what I said it was.
I don't know if the Deputy Press Secretary was misinformed, or is just being misleading. Either way, the Trump administration did not "literally calculate tariff and non tariff barriers" to determine the tariff rates it's imposing on other countries. As I said, it divided our trade deficit with a country by our imports with that country, and then multiplied by 0.5 (because Trump was being "lenient").
Oh, and if our trade deficit/imports with a country is less than 10%, or we have a trade surplus with a country, Trump slapped a flat 10% tariff on that country.
@RonFilipkowski the patient is flatlining. all the doctors are children with crayons instead of medical instruments. the hospital is on fire. and the patient has offended all their emergency contacts. and they don't have insurance.