Those "Tariffs charged to USA" numbers are completely made up. Total bullshit.
People have already figured out
what those numbers actually represent, and how Elon's child-idiots came up with them:
Trump’s tariff numbers appear to have been calculated through a simple math formula, which works with every single country on the list
The formula used to calculate President Donald Trump’s new batch of tariffs announced Wednesday is based on dividing the U.S.’s trade deficit with a given country divided by their total exports to the U.S. A memo from the office of the U.S. trade representative acknowledged this was the methodology used because it was too “complex, if not impossible” to calculate the full extent of each country’s U.S. trade policies. [...]
To calculate the tariffs it decided to impose on countries around the world, the White House used a formula that focused on trade deficits and total exports. The formula didn’t include an assessment of tariff rates for specific products in individual countries, or take into account other trade barriers that weren’t tariffs.
Instead, the reciprocal tariff rate applied to each country was: their trade deficit divided by exports to the U.S., divided by two.
If the country has a trade surplus with the U.S., or the number resulting from the above formula was less than 10%, then a flat rate of 10% was applied.
For example, the U.S. has a $235.6 billion trade deficit with the European Union, which exports a total of $605.8 billion to the U.S. Based on the White House’s formula, $235.6 divided by $605.8 equals 0.388, which divided by half is 0.194. That number gets rounded up to 0.2, which leads to a 20% tariff rate.
"The blind application of such a simple formula ignores so much nuance," Dominic Pappalardo, chief multi-asset strategist at Morningstar Wealth, told Fortune in an email.---
Notably, these knuckleheads completely neglected to consider all trade in services, only counting trade in goods. For example, the US has a trade deficit with the EU in goods, but a trade surplus in services. Doesn't matter to these clowns!
Math is for nerds, and Strong Men Take Action.More importantly,
a trade deficit is not a tariff. I purchase more items from Home Depot than they purchase from me, but that does not mean
Home Depot is levying a tariff on me.These fucking morons are going to destroy the nation's economy out of pure ignorance, while 30% of the country is cheering and clapping wildly from their cardboard boxes under the nearest bridge.
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