Among the reciprocal tariff levels Trump announced:
China: 34%
European Union: 20%
South Korea: 25%
India: 26%
Vietnam: 46%
Taiwan: 32%
Japan: 24%
Thailand: 36%
Switzerland: 31%
Indonesia: 32%
Malaysia: 24%
Cambodia: 49%
United Kingdom: 10%
Rest of the world: 10%
Is he using a random number generator?
bamboozle them with bullshit
Imma just post this video here: https://youtu.be/5RpPTRcz1no
What the current administration is doing tracks with this video fairly accurately. Basically, “Network States” are what they want. It’s basically what exists in Honduras right now in the form of "Prospera, which is a network state that operates in that country.
The following quote from ChrisO_wiki on bsky
“@chriso-wiki.bsky.social 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.” Just about sums it up.
Damn, I’d like to see the data on that.
Start here https://www.wto.org/english/res_e/statis_e/statis_e.htm
No, it’s half the tariff those countries place on American goods. Or so he claims. I have no idea where those numbers come from.
It’s probably like his net worth, where “it goes up and down with the markets and with attitudes and with feelings”, “even my own feelings, as to where the world is, where the world is going, and that can change rapidly from day to day”.
https://money.cnn.com/2011/04/21/news/companies/donald_trump/index.htm
Like he would even know what that is.
Apparently ChatGPT.