The world reacts to Trump's sweeping tariffs: 'No basis in logic'
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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.
wrote 6 days ago last edited byThe 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.
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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.
wrote 6 days ago last edited byA trade world war that wreckz western economies and evens the playing field for Russia, China, Iran, etc. is a good thing! /s
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You don't even have to go that far. Just adopt sane copyright laws, like copyright only lasting the life of the artist.
wrote 6 days ago last edited byCopyright 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.
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This is not the end goal.
Anyone who believes this without critique is incapable of autonomous thought.
wrote 6 days ago last edited byStill it was too difficult for you to express your own opinions. Too scary?
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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.
wrote 6 days ago last edited byI 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)
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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.
wrote 6 days ago last edited by"No basis in logic" will be both the title of Trump's time in office and the reason why the USA collapses
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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.
wrote 6 days ago last edited bySo sad and so true. You made me giggle and frown at the same time. Have some
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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.
wrote 6 days ago last edited bythey’re already crying about it.
Fuck zionists. I hate them all.
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wrote 6 days ago last edited by
ISO PTSD trigger warning! Hide that shit the next time.
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- Order tariffs
- Make everything more expensive for everyone everywhere
- Piss off the entire world and invite countermeasures
- ??????????????
- MAGA
wrote 6 days ago last edited byfor 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.
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wrote 6 days ago last edited by
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.
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wrote 6 days ago last edited by
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.
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"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.
wrote 6 days ago last edited byWoah, 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.
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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.
wrote 6 days ago last edited byOoh boy, does my retirement account feel liberated.
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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.
wrote 6 days ago last edited byI don't think this is a generational thing, personally, unless we're talking about the Boomers.
The Boomers took a vibrant, beautiful world and spent two generations driving it into this McDonaldized hellhole we live in, after reaping the benefits of the most prosperous economic period for workers in our history in the 1960's. They're still profiting.
The vast majority of the country only has one or two choices when shopping for necessities now, so I can't really blame them for the world that they were born into.
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I think Trump doesn’t want to trade at all. He wants us to produce everything we need.
wrote 6 days ago last edited byWell, artificially increasing the price of all the raw naturals we use to make those things will certainly help with that goal...
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Have we forgotten that he has done this each month since he was Inaugurated?
Today the stock market will crash on this news. The wealthy will buy on this massive dip, and in a few days, HitlerPig will announce that the countries on his list have responded to his tariff threats, so he is postponing them for a month or so.
The stock market will recover a bit, and the wealthy will make a fortune. In a month, he'll do it all over again.
It's deliberate market manipulation.
wrote 6 days ago last edited byI am stealing "HitlerPig"
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wrote 6 days ago last edited by
Because that means you supported Trump, regardless of what you say, your actions helped put him in power.
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You don't even have to go that far. Just adopt sane copyright laws, like copyright only lasting the life of the artist.
wrote 6 days ago last edited byYeah, but think about the grandchildren of the CEO who bought that IP from the artist‽
Do you want them to
starvehave to work for a living? -
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.
wrote 6 days ago last edited byThe "Empires last 250 years" thing is bad history and not really supported by fact...but...