My mind is blown. Trumps new tariffs are beyond ridiculous.
2024 Namibia exported 275.2, imported 160.5. Deficit of 114.7 million USD.
114.7/275.2 =0,417
On the list we are at 42%
I just wonder what the distraction and objective is.
James Surowiecki@JamesSurowiecki
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. 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.
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