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allegorical oracle

(4,608 posts)
Thu Apr 3, 2025, 11:45 AM Apr 3

Journalist posits where "Tariffs Charged to the USA" numbers came from [View all]

(Noted this a.m. that economists, including Krugman, have been puzzling over where the administration came up with the chart column "Tariffs Charged to the USA" calculations because they don't make sense. Surowiecki believes he figured it out)

Journalist James Surowiecki observed Wednesday evening that the president's sweeping worldwide tariffs seemed to be based on a simplistic formula, which takes the U.S. trade deficit with an individual nation and divides that number by its exports to the U.S.

"Just figured out where these fake tariff rates come from," Surowiecki posted on X. "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."

White House aide Kush Desia disputed that claim, citing a press release by the office of the U.S. trade representative that claims the tariff rates relied on a "basic approach," and provided a formula using Greek symbols, but Surowiecki argued that was the same formula that he had devised.

"This is truly amazing," Surowiecki posted. "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."

https://www.msn.com/en-us/news/politics/truly-amazing-journalist-slaps-down-white-house-aide-s-attempted-fact-check/ar-AA1CdG1K
38 replies = new reply since forum marked as read
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News orgs are spreading blatantly clear propaganda. Nt BootinUp Apr 3 #1
If they even bother to do that. Ray Bruns Apr 3 #11
What do we expect? The administration is in possession of... dchill Apr 3 #2
This is what they did. This is the third post I've seen from different sources underpants Apr 3 #3
Comedians should have a field day with those numbers unc70 Apr 3 #4
How utterly extraordinary indeed. Disaffected Apr 3 #5
Now would Trump's Deputy White House Secretary lie to you? surfered Apr 3 #6
The formula used by trump is very stupid LetMyPeopleVote Apr 3 #7
Thanks for posting those. I tried but kept setting off a virus alert each time. nt allegorical oracle Apr 3 #33
They are in fact that dumb Johnny2X2X Apr 3 #8
I wish it was being driven by a blind monkey. Ray Bruns Apr 3 #12
Somebody's now got the title for their book about Trump's second term: Extraordinary Nonsense tanyev Apr 3 #9
Sorry but IMO too gentle. efhmc Apr 3 #28
Good that some journalists have verified and called out the lies IronLionZion Apr 3 #10
Other countries will... lame54 Apr 3 #18
People are soon going to find out the world doesn't revolve around the USA IronLionZion Apr 3 #22
We have Billionaire tax breaks to pay for. Come on, get with the program ... aggiesal Apr 3 #19
The people in charge of this country are terminally stupid. Ray Bruns Apr 3 #13
They make perfect sense... lame54 Apr 3 #14
Pulled directly out of his sphincter. spanone Apr 3 #15
I think everyone is coming to that same conclusion ... aggiesal Apr 3 #16
That's been confirmed by the US trade rep Arazi Apr 3 #17
It's the stupidity of it all crud Apr 3 #20
This Was Not Nefarious ProfessorGAC Apr 3 #21
His MAGAsty is clueless, for sure, and the rest are willfully ignorant William Seger Apr 3 #34
I am so glad a journalist cksmithy Apr 3 #23
OMG. You've totally shamed me. Know I personally sent at least three allegorical oracle Apr 4 #37
I am so sorry to have totally shamed you, cksmithy Apr 6 #38
Folks, these are the guys that sat in the back two rows of the classroom, giggling and throwing spit balls ashredux Apr 3 #24
It came from Trump; of course, it's extraordinary nonsense! ShazzieB Apr 3 #25
Lying and Liars... sprinkleeninow Apr 3 #26
Imaginary tariffs used to calculate real ones. patphil Apr 3 #27
I am believing the journalist because any sophisticated computation formula is beyond the brains of any of this admin. Jit423 Apr 3 #29
They put a Tariff on Diego Garcia and an uninhabited island in Antarctica haele Apr 3 #30
Trump's Tariff Formula Slammed As 'Fake' And 'Incredibly Stupid' By Experts LetMyPeopleVote Apr 3 #31
They didn't count the services other countries get from the US. haele Apr 3 #32
TLDR version ThoughtCriminal Apr 3 #35
MaddowBlogThe Trump White House keeps trying (and failing) to make mathematical formulas work LetMyPeopleVote Apr 4 #36
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