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#trumptariffs

263 innlegg147 deltakere20 innlegg i dag

Oops! A #Trump Administration #math error (using retail price elasticity instead of the import price elasticity) made the #trumptariffs 4 times higher than if they used their published formula variables correctly. I'm pretty sure this is the most expensive math mistake in US history as stock markets continue crashing wiping out trillions of dollars.
axios.com/2025/04/06/trump-tar

Illustration of shipping container as a chalkboard with a hand writing on it
Axios · Trump tariffs based on massive error, conservative think tank saysAv Ben Berkowitz
Replied in thread

@remixtures

Nor do you become a $trn gadget company by pricing items past the purchase threshold ...

... esp. when the cost of living for a large portion of the consumer base has been stretched close to the breaking point even before those insane Trump-tariffs were crushing the economy and hiking every single prize.
¯\_(ツ)_/¯

Replied in thread

I see that an Australian economist shares @pluralistic 's idea that a suitable reaction to the #TrumpTariffs is to weaken IP laws benefitting US corporations.
gross.substack.com/p/the-smart

Mr. Doctorow suggests cancelling legal penalties protecting DRM; Prof. Gross favours weakening patent protection of American pharmaceutical companies.

Unlike counter-vailing tariffs, these are measures that would hurt US business and benefit other countries.

Gross National Product · The Smart Way to Retaliate Against Trump’s TariffsAv Zac Gross

Says here that each Mar-a-Lago golf junket cost taxpayers $3,383,250 (estimate from a 2019 GAO report). Conservative estimate based on inflation translates to ~$4.2 million today. We ought to have a trump golf cost calculator that runs since the tariffs went into effect. He's such a caring, thoughtful, economical individual. 🙃
pennlive.com/news/2025/02/dona
#trumpTariffs #trumpTradeWar #trumpGolfBoondoggle

pennlive · Donald Trump’s golfing tab in first month of second term: You won’t believe how much he spentAv Brian Linder | blinder@pennlive.com