this post was submitted on 03 Apr 2025
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To be fair their calculation also involves multiplying by the carefully chosen factors of 4 and 0.25. It's a macroeconomics thing you probably wouldn't understand. https://ustr.gov/issue-areas/reciprocal-tariff-calculations
This "Cavallo" reference isn't actually listed in their citations (gee I wonder why) but appears to be Tariff Pass-Through at the Border and at the Store: Evidence from US Trade Policy (link).
Meanwhile Cavallo et al 2021:
Amazing. The government's official position is that tariffs are OK because both US exporters and importers get less money.