Does Anyone Understand the Math Behind the Trump Tariff Formula?

[Tiny]

Originally Posted by Jacky S

I suppose we can just let every Country on the Planet to keep charging the US exorbitant tariffs to allow our products to be sold in their Country while their goods are
getting, in comparison, a free ride here.

That's fiction that's been pushed on you by Peter Navarro and others Jacky.

See this,

https://en.wikipedia.org/wiki/List_o...by_tariff_rate

The best column to look at is probably the first, the World Bank's "tarriff rate, applied, weighted mean, all products." You can use the arrows to sort in ascending or descending order. The United States weighed in at 1.47%, before Trump's second presidency. The only developed countries that were higher were Iceland (1.51%), Japan (1.84%), Canada (2.35%), Israel (2.88%), Norway (3.00%), and, if you consider it developed, Uruguay (5.25%). The figure for China was 2.31%.

Fast forward to present. According to the Budget Lab at Yale, the overall average effective tariff rate in the USA is now 28%! If you take into account consumption shifts, their estimated average tariff would be 18%. What that means is that, for example, when American ****s cut back on their profligate consumption so they just own 2 dolls instead of 30, as suggested by the President, our tariff rate will go back to "just" 18%.

https://budgetlab.yale.edu/research/...-april-15-2025

Now please go back to the World Bank data in the Wiki table. The 28% means we probably now have the highest average tariff rate in the world! If we go back to 18%, then we'd still be highest in the world except for two British Overseas Territories, the Cayman Islands and Bermuda, two income tax havens that export close to "0".

[eccieuser9500]

Originally Posted by Capital

I'm trying to wrap my brain around the ideas typically spouted in this Forum. A Pussy-centered Website whose Members support Trump 3-1, yet understand his Tariff scheme is economic hogwash.

Originally Posted by Tiny

Stinkin' Madagascans! They took our jobs!

Great post



Not true about the composition of the Board. Please refer to the recent "GolferGuy/IRA/Trump Supporter" poll. A majority of Board Members now dislike Trump. What a change from a few years ago!

However otherwise yes, you're right. Many of us are bipolar. I for one had extreme love for our current president when he lowered the corporate income tax rate, pushed the mRNA COVID vaccines through the FDA, and tried to bring peace to Ukraine. I experienced extreme hatred when he tried to steal an election and imposed the irrational tariffs that are the subject of this thread.

Yes Capital, some of us think and decide for ourselves, instead of mindlessly following party leaders, media pundits, and social media political influencers.

Cap, it was worse before I started shit up here. Especially in this particular forum.

Don't try to understand anything here. This shit is just for fun. Even the dumb asses who take this site serious to the point where you get reported to the Feds about your post.

Even our resident E-conomic experts, including Chiquito, know that the idiot in the Whitehouse relies on the brain dead to not understand.

The experts here agree the hogwash is real. And still voted for him.

Idiots following an idiot. Even the so-called elite of monetary theory here and abroad. Idiots. Their brains have been kidnapped.

I can't find a better clip. I hate these videos that record the TV.

[eccieuser9500]

Originally Posted by Tiny

That's fiction that's been pushed on you by Peter Navarro and others Jacky.

See this,

https://en.wikipedia.org/wiki/List_o...by_tariff_rate

The best column to look at is probably the first, the World Bank's "tarriff rate, applied, weighted mean, all products." You can use the tariff keys to sort in ascending or descending order. The United States weighed in at 1.47%, before Trump's second presidency. The only developed countries that were higher were Iceland (1.51%), Japan (1.84%), Canada (2.35%), and Norway (3.00%). The figure for China is 2.31%.

Fast forward to present. According to the Budget Lab at Yale, the overall average effective tariff rate in the USA is now 28%! If you take into account consumption shifts, their estimated average tariff is 18%. What that means is that, for example, when American ****s cut back on their profligate consumption so they just own 2 dolls instead of 30, our tariff rate will go back to "just" 18%.

https://budgetlab.yale.edu/research/...-april-15-2025

Now please go back to the World Bank data in the Wiki table. The 28% means we probably now have the highest average tariff rate in the world! If we go back to 18%, then we'd still be highest in the world except for two British Overseas Territories, the Cayman Islands and Bermuda, two tax havens that export close to "0".

See what I mean Cap and Chiquis? Idiots!

[Tiny]

Originally Posted by eccieuser9500

See what I mean Cap and Chiquis? Idiots!

Careful amigo! I was going to post that it's great to see you and Lusty Lad back and getting along. You're two of my favorite posters and make the board a lot more interesting. Stay on topic. Try not to get banned, and stick around for a while!

[eccieuser9500]

For a while? You know me. Lusty and I can do time standing on our heads.

This time might be different.





Of course . . . .

Not everybody follows the rules.

[Unique_Carpenter]

Math ??????

Just watch a couple shows of "Let's make a Deal".

[Unique_Carpenter]

Or a few shows of "The Price is Right"

[eccieuser9500]

Or the GONG show.