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  3. The world reacts to Trump's sweeping tariffs: 'No basis in logic'

The world reacts to Trump's sweeping tariffs: 'No basis in logic'

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  • B [email protected]

    I've heard that if you type in the right prompt into ChatGPT, this list is the result. They couldn't even be bothered to have an expert figure this out, or even souble check it before releasing it. So they end up putting tariffs on penguins.

    G This user is from outside of this forum
    G This user is from outside of this forum
    [email protected]
    wrote on last edited by
    #86

    From the article you’re probably referring to:

    DCInvestor’s observation came in response to crypto trader Jordan Fish, also known as Cobie, who also asked ChatGPT using the prompt: “What would be an easy way to calculate the tariffs that should be imposed on other countries so that the US is on even playing fields when it comes to trade deficit. Set a minimum of 10%.”

    A straightforward (if naïve) method is to set the tariff rate for each trading partner equal to the percentage share of the trade deficit relative to that country's total imports-always no less than 10%.

    In formula form:

    Tariff Rate (%) = max(10, (Trade Deficit ÷ Total Imports) x 100)

    For example, if the US runs a $20 billion deficit on $100 billion worth of imports from a country, the calculated rate is (20/100)×100 = 20%. If the deficit were only 5%, you'd still
    impose a 10% floor. This method ignores the intricate dynamics of international trade-such as elasticities, retaliatory measures, and supply chain nuances-but it provides a blunt, proportional rule to "level the playing field." One might implement it in Python like so:

    def calculate_tariff(trade_deficit, total_imports):
      # Calculate the deficit ratio as a percentage
      ratio =(trade_deficit / total_imports) * 100
      # Enforce a minimum tariff of 10%
      return max(10, ratio)
    
    # Example usage:
    tariff = calculate_tariff(20e9, 100e9)
    # $20B deficit on $100B imports yields a 20% tariff
    print(f"The tariff rate should be {tariff}%")
    

    We are defining trade policy with predictive text. What a time to be alive. Jesus tapdancing christ.

    B 1 Reply Last reply
    0
    • B [email protected]

      There are penguins! 🐧

      W This user is from outside of this forum
      W This user is from outside of this forum
      [email protected]
      wrote on last edited by
      #87

      Give him some credit (not a lot). What if China were to give these penguins cars to resale? Middle men penguins is what they are. They should call the island Midway island, a term invented by his assholness.

      1 Reply Last reply
      0
      • microwave@lemmy.worldM [email protected]

        Summary

        Global leaders criticized Trump’s new tariffs, which range from 10% to 49%, warning of trade wars and economic fallout.

        The UK and Italy urged negotiation, while Brazil passed a reciprocity bill. China and South Korea vowed countermeasures.

        Australia and New Zealand rejected Trump’s logic, citing existing trade deals and low tariffs. Norfolk Island was baffled by a 29% duty despite having no exports.

        Financial markets dropped, oil and bitcoin sank, and leaders warned of inflation. Analysts say Trump risks fracturing global trade with little to gain economically.

        ? Offline
        ? Offline
        Guest
        wrote on last edited by
        #88

        I mean, it's pretty logical.

        He wants to enrich his American buddies, and this is how we do it.

        Instead of competing fairly with foreign businesses, Americans artificially increase the prices of the competition so customers don't have a cheaper option to choose.

        I want to say this country sucks, I really do. But in all honesty, this generation sucks. The greed and consumerism on both sides is what led us to this.

        It's a two-pronged approach where we have the 'lesser-evil' morons working in tandem with the 'greater-evil' scumbags to ensure good never prevails.

        Fuck everyone who voted for hillary clinton and joe biden in their primaries. I put the blame squarely on them for why we have 2 trump presidencies.

        Big reason why I didn't vote this election. Tired of supporting the "lesser-evil" crowd that never supports me for some reason. Loyalty is a one-way street with them.

        ? F 2 Replies Last reply
        0
        • N [email protected]

          Art of the deal, folks

          ? Offline
          ? Offline
          Guest
          wrote on last edited by
          #89

          This is unironically a great deal for him and his cronies and an awful deal for the working class.

          I swear, it's just distraction after distraction, obstacle after obstacle that keeps us from toppling the ruling class. Anytime we get anywhere close to doing something significant, it's like the useful idiots come out in droves to make sure "NOPE NOPE NOPE, gotta keep history repeating itself!"

          I wish I took my teachers and intelligent peers more seriously as a kid. I didn't realize how lucky I was to be surrounded by such great, smart people. I took them for granted, and now that I'm out in the real world I see exactly how stupid the average idiot is.

          It's scary. Terrifying, even. There's so many of them and they all use that as justification for why they're right.

          1 Reply Last reply
          0
          • 1984@lemmy.today1 [email protected]

            https://en.wikipedia.org/wiki/Accelerationism

            End goal.

            ? Offline
            ? Offline
            Guest
            wrote on last edited by
            #90

            This is not the end goal.

            Anyone who believes this without critique is incapable of autonomous thought.

            1984@lemmy.today1 1 Reply Last reply
            0
            • T [email protected]

              I hope the EU reacts with something non-tariffy. Like forbidding US online platforms to serve ads and collect personal data, with severe punishments if they still do.

              ? Offline
              ? Offline
              Guest
              wrote on last edited by
              #91

              Advertising should just be illegal.

              It gives an unfair advantage to those who already have an unfair advantage.

              I recommend installing an addon called AdNauseam to block ads in addition to sending data that you've clicked them.

              Please everyone. Try to understand that being a useful idiot is the norm these days. It's what's cool.

              nikelui@lemmy.worldN F 2 Replies Last reply
              0
              • ? Guest

                I mean, it's pretty logical.

                He wants to enrich his American buddies, and this is how we do it.

                Instead of competing fairly with foreign businesses, Americans artificially increase the prices of the competition so customers don't have a cheaper option to choose.

                I want to say this country sucks, I really do. But in all honesty, this generation sucks. The greed and consumerism on both sides is what led us to this.

                It's a two-pronged approach where we have the 'lesser-evil' morons working in tandem with the 'greater-evil' scumbags to ensure good never prevails.

                Fuck everyone who voted for hillary clinton and joe biden in their primaries. I put the blame squarely on them for why we have 2 trump presidencies.

                Big reason why I didn't vote this election. Tired of supporting the "lesser-evil" crowd that never supports me for some reason. Loyalty is a one-way street with them.

                ? Offline
                ? Offline
                Guest
                wrote on last edited by
                #92

                You had me right up to "I didn't vote".

                dns@discuss.onlineD F R ? 4 Replies Last reply
                0
                • G [email protected]

                  From the article you’re probably referring to:

                  DCInvestor’s observation came in response to crypto trader Jordan Fish, also known as Cobie, who also asked ChatGPT using the prompt: “What would be an easy way to calculate the tariffs that should be imposed on other countries so that the US is on even playing fields when it comes to trade deficit. Set a minimum of 10%.”

                  A straightforward (if naïve) method is to set the tariff rate for each trading partner equal to the percentage share of the trade deficit relative to that country's total imports-always no less than 10%.

                  In formula form:

                  Tariff Rate (%) = max(10, (Trade Deficit ÷ Total Imports) x 100)

                  For example, if the US runs a $20 billion deficit on $100 billion worth of imports from a country, the calculated rate is (20/100)×100 = 20%. If the deficit were only 5%, you'd still
                  impose a 10% floor. This method ignores the intricate dynamics of international trade-such as elasticities, retaliatory measures, and supply chain nuances-but it provides a blunt, proportional rule to "level the playing field." One might implement it in Python like so:

                  def calculate_tariff(trade_deficit, total_imports):
                    # Calculate the deficit ratio as a percentage
                    ratio =(trade_deficit / total_imports) * 100
                    # Enforce a minimum tariff of 10%
                    return max(10, ratio)
                  
                  # Example usage:
                  tariff = calculate_tariff(20e9, 100e9)
                  # $20B deficit on $100B imports yields a 20% tariff
                  print(f"The tariff rate should be {tariff}%")
                  

                  We are defining trade policy with predictive text. What a time to be alive. Jesus tapdancing christ.

                  B This user is from outside of this forum
                  B This user is from outside of this forum
                  [email protected]
                  wrote on last edited by
                  #93

                  The Sociopathic Oligarchs want to assign as much responsibility to AI as possible. Smart people are expensive, AI is cheap. That makes AI the better choice to run the world.

                  G 1 Reply Last reply
                  0
                  • B [email protected]

                    No basis in logic if he were actually trying to do what he says he is. He's not. They make perfect sense if the goal is to destabilize the country. We elected a fucking Manchurian candidate twice, and the in-between term was spent on a bunch of business as usual and not setting up protections in case it happened again. This country is fucking done.

                    ? Offline
                    ? Offline
                    Guest
                    wrote on last edited by
                    #94

                    A trade world war that wreckz western economies and evens the playing field for Russia, China, Iran, etc. is a good thing! /s

                    1 Reply Last reply
                    0
                    • C [email protected]

                      You don't even have to go that far. Just adopt sane copyright laws, like copyright only lasting the life of the artist.

                      ? Offline
                      ? Offline
                      Guest
                      wrote on last edited by
                      #95

                      Copyright and patent laws should just go away entirely.

                      The amount of resources we spend enforcing them, just so we can spend more resources on the products themselves, could all be spent improving the lives of people who need it.

                      E C 2 Replies Last reply
                      0
                      • ? Guest

                        This is not the end goal.

                        Anyone who believes this without critique is incapable of autonomous thought.

                        1984@lemmy.today1 This user is from outside of this forum
                        1984@lemmy.today1 This user is from outside of this forum
                        [email protected]
                        wrote on last edited by
                        #96

                        Still it was too difficult for you to express your own opinions. Too scary?

                        ? 1 Reply Last reply
                        0
                        • B [email protected]

                          The Sociopathic Oligarchs want to assign as much responsibility to AI as possible. Smart people are expensive, AI is cheap. That makes AI the better choice to run the world.

                          G This user is from outside of this forum
                          G This user is from outside of this forum
                          [email protected]
                          wrote on last edited by
                          #97

                          I look forward to building my retirement in a handful of years in the recovery phase of this exercise in abject idiocy (assuming there is, in fact, anything to recover)

                          1 Reply Last reply
                          0
                          • microwave@lemmy.worldM [email protected]

                            Summary

                            Global leaders criticized Trump’s new tariffs, which range from 10% to 49%, warning of trade wars and economic fallout.

                            The UK and Italy urged negotiation, while Brazil passed a reciprocity bill. China and South Korea vowed countermeasures.

                            Australia and New Zealand rejected Trump’s logic, citing existing trade deals and low tariffs. Norfolk Island was baffled by a 29% duty despite having no exports.

                            Financial markets dropped, oil and bitcoin sank, and leaders warned of inflation. Analysts say Trump risks fracturing global trade with little to gain economically.

                            J This user is from outside of this forum
                            J This user is from outside of this forum
                            [email protected]
                            wrote on last edited by
                            #98

                            "No basis in logic" will be both the title of Trump's time in office and the reason why the USA collapses

                            1 Reply Last reply
                            0
                            • A [email protected]

                              the "logic" is pretty much as you described it. Only, after charging yourself with the extra tax on Walmart purchases, you obviously can't afford Walmart any longer, so you learn to make your own soap with ash and the fats of animals that you have started breeding in your own flat.

                              W This user is from outside of this forum
                              W This user is from outside of this forum
                              [email protected]
                              wrote on last edited by
                              #99

                              So sad and so true. You made me giggle and frown at the same time. Have some 🥇.

                              1 Reply Last reply
                              0
                              • L [email protected]

                                17% and they're already crying about it.

                                Ironically it's the closest the US has gotten to a BDS policy in its history with Israel.

                                ? Offline
                                ? Offline
                                Guest
                                wrote on last edited by
                                #100

                                they’re already crying about it.

                                Fuck zionists. I hate them all.

                                1 Reply Last reply
                                0
                                • tempus_fugit@midwest.socialT [email protected]

                                  Wouldn't it have to be 9001%?

                                  W This user is from outside of this forum
                                  W This user is from outside of this forum
                                  [email protected]
                                  wrote on last edited by
                                  #101

                                  ISO PTSD trigger warning! Hide that shit the next time.

                                  1 Reply Last reply
                                  0
                                  • N [email protected]
                                    1. Order tariffs
                                    2. Make everything more expensive for everyone everywhere
                                    3. Piss off the entire world and invite countermeasures
                                    4. ??????????????
                                    5. MAGA
                                    ? Offline
                                    ? Offline
                                    Guest
                                    wrote on last edited by
                                    #102

                                    for everyone everywhere

                                    This is all so the American companies don't actually have to compete with anyone else. Instead of lowering their prices to be competitive to give better deals to customers, they game the system and force everyone else to raise prices to match theirs.

                                    J 1 Reply Last reply
                                    0
                                    • ? Guest

                                      You had me right up to "I didn't vote".

                                      dns@discuss.onlineD This user is from outside of this forum
                                      dns@discuss.onlineD This user is from outside of this forum
                                      [email protected]
                                      wrote on last edited by
                                      #103

                                      Nut had me when he blamed democrats for Trump. Not the actual Russians propping him up and the NRA who was funneled money from Russia to give to Republicans.

                                      1 Reply Last reply
                                      0
                                      • ? Guest

                                        You had me right up to "I didn't vote".

                                        F This user is from outside of this forum
                                        F This user is from outside of this forum
                                        [email protected]
                                        wrote on last edited by
                                        #104

                                        Why?

                                        Democrats and Republicans have spent the last eight years convincing the poor and middle class that voting doesn't matter. Hell, Democrats even subverted their own primary rules twice to strike that point home, and then argued in court that it was their right to do so when they were sued for it.

                                        U 1 Reply Last reply
                                        0
                                        • ? Guest

                                          "No basis in logic"

                                          No shit, this whole administration has no basis in logic. Just look at Project 2025 and the progress they've made on it in a little over 2 months.

                                          ? Offline
                                          ? Offline
                                          Guest
                                          wrote on last edited by
                                          #105

                                          Woah, and biden waited until the very end of his term to do something as benign as removing Cuba from the list of state sponsors of terrorism.

                                          Man, whoever is voting for establishment democrats in primaries is really just helping Republicans at this point.

                                          1 Reply Last reply
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