Trump tariffs based on massive error, conservative think tank says
By Curt_Anderson April 6, 2025 9:03 pm Category: Politics (0.0 from 0 votes)
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This entire tariff debacle reminds me of The Emperor's New Clothes. All of Trump's sycophants in his entourage were too timid to say they don't understand the tariff formula he touted in the Rose Garden. We certainly know Trump didn't understand it.
The formula used by the Trump administration to levy reciprocal tariffs contains a serious math error that over-inflates the impact by about a factor of four, economists at the American Enterprise Institute said.
Why it matters: The conservative think tank says the error led to tariff rates massively higher than they should have been to achieve the goals the administration sought.
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Comments on "Trump tariffs based on massive error, conservative think tank says":
This entire tariff debacle reminds me of The Emperor's New Clothes. All of Trump's sycophants in his entourage were too timid to say they don't understand the tariff formula he touted in the Rose Garden. We certainly know Trump didn't understand it. 
