Trump's Tariff Formula: A Shocking Fourfold Overestimation, Economists Say!

Experts Uncover Flaws in the Calculation of US Tariffs, Raising Concerns About Global Trade Disruption.

The world is buzzing as the US President, Donald Trump's, reciprocal tariff policies continue to reshape the global trade landscape. Recent reports reveal the White House explored a range of options before settling on a surprisingly simple formula to calculate tariff rates, a decision that has left some of the world's leading economists in a state of utter disbelief. It seems the Trump administration may have drastically overestimated the trade surpluses of several nations.

This revelation comes courtesy of a prominent economist, a professor at the University of Chicago and former Assistant Secretary of the Treasury under the Biden administration, Brent Neiman. Writing in the New York Times, Neiman expressed his bewilderment, stating, "When the White House announced the tariff mechanism, my first question was, 'How on earth did they arrive at such enormous rates?'" The implications of this miscalculation could be far-reaching, potentially leading to unintended consequences and further instability in global commerce, particularly in the context of Taiwan.