The problem with the theory behind Trump's tariffs
The Story
Tariffs Unveiled: The Trump Administration's Approach
This chapter examines the complexities of tariffs imposed during the Trump era, focusing on their calculation and implications for various countries, particularly China. It critiques the simplistic formula used to determine tariff rates, which seem arbitrary and aimed at eliminating trade deficits. The discussion also highlights the unexpected economic repercussions, including the declining dollar and effects on global trade, as well as the peculiar exemptions granted to certain nations.
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