this post was submitted on 03 Apr 2025
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cross-posted from: https://beehaw.org/post/19241243

Waving a big chart as a prop in the White House Rose Garden, Donald Trump suggested his new tariff plan was simple: “Reciprocal – that means they do it to us, and we do it to them. Very simple. Can’t get simpler than that.”

Perhaps a bit too simple. The method used to calculate the most important numbers in international trade, politics and economics has left some of the world’s leading experts shocked.

For each country, the White House looked up its trade in goods deficit for 2024, then divided that by the total value of imports. Trump, to be “kind”, said he would, however, offer a discount, so halved that figure. The calculation was even distilled into a formula.

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[–] mokus@lemmy.blahaj.zone 5 points 2 hours ago

And 34% on Taiwan won’t help anything either

[–] FlyingCircus@lemmy.world 6 points 3 hours ago

The reason the numbers are idiotic is because they don’t need to make sense. There is no point to these tariffs other than to crash the US economy so that fat cat rich scum can buy everything and create corporate feudalism.

[–] barneypiccolo@lemm.ee 8 points 4 hours ago

He absolutely believes he's a genius who has thought of this solution to our economic problems that NOBODY else has ever considered, because nobody is as smart as he is. All this talk of how wrong it is only proves to him how much smarter he is. His tariffs are so innovative, even the most intelligent economists don't get it.

But he does, because he's the most intelligent human to ever exist, and he is thinking way above them.

[–] Formfiller@lemmy.world 5 points 4 hours ago

BREAKING NEWS! The deranged con man game show host is actually a moron. Who could possibly have predicted this?

[–] futatorius@lemm.ee 13 points 6 hours ago (1 children)

Whoever did those calculations (and it wasn't Trump, since he's innumerate as well as illiterate) based these crude calculations on the assumption that the US economy should have a pairwise zero current-account balance with every country in the world. That's beyond imbecilic.

[–] Clasm@ttrpg.network 4 points 4 hours ago

+10%

Unless you are Russia...

[–] PurpleTentacle@lemmy.world 8 points 8 hours ago

The only thing that surprised me about the idiotic numbers was that they weren't overwritten by even dumber ones in sharpie.

[–] Jumi@lemmy.world 1 points 7 hours ago

And you made him president again not mentioning how he was even able to rise so high in power.

United Stupids of America

[–] Freshparsnip@lemm.ee 9 points 16 hours ago

That's what happens when you let an unqualified lunatic make decisions about things he doesn't understand

[–] venotic@kbin.melroy.org 86 points 1 day ago (4 children)

This is a guy who has six business bankruptcies under his belt. What could he know about the economy? If he knew anything about the economy, those businesses would still be alive and thriving.

[–] Hylactor@sopuli.xyz 27 points 1 day ago (1 children)

Keeping a business running takes sustained effort. This sack of shit is more in the strip out all the copper and turn a quick buck leaving wreckage in your wake type of business man.

[–] Kraven_the_Hunter@lemmy.dbzer0.com 3 points 17 hours ago (1 children)

With the "stripping all the copper" analogy you're describing a strung out drug addict more than a businessman, though.

I'm not saying you're wrong, mind you, just that you're not making any supporting claim for him being a businessman.

[–] Hylactor@sopuli.xyz 7 points 16 hours ago

I generally agree that he's not a business man in the strictest sense. But he is undeniably "successful". He's lived the lavish lifestyle of his dreams, he's never suffered any meaningful consequences, and he's been elected president twice. Even if he is eaten alive by ants tomorrow, he's already lived for 78 years, enjoying fame and attention, playboy interviews, committing crime with impunity, and seizing the nation itself to serve his pretty needs for vengeance. Hell, he has literally dodged a bullet. True justice is out of reach I'm afraid. It's more like his measure of success is corrupted. Success to him is not synonymous with productivity. He is at his core, a rapist, getting what he wants is only technically the point. More important is taking it. Getting away with it. Stealing it. Breaking something. Exerting his will. That's what he's about. His business is spiritual, not material. It's coercion, and force. And in this field, he is quite "successful" indeed.

[–] BrokenGlepnir@lemmy.world 15 points 1 day ago

I mean I think I read one was bought out in the bankruptcy and is doing alright under new management. Maybe we should find the guy who bought it

[–] homesweethomeMrL@lemmy.world 9 points 1 day ago (1 children)

well, tbf for no reason at all, some of those bankruptcies were just to stick the russian mob money laundering operation under the rug and the losses to the shareholders.

So it wasn't just incompetence, it was also malevolence and moral bankruptcy.

[–] prole@lemmy.blahaj.zone 3 points 23 hours ago

So it wasn't just incompetence, it was also malevolence and moral bankruptcy.

Also known as the GOP Trifecta.

[–] prole@lemmy.blahaj.zone 4 points 23 hours ago

"hurr durr we need someone to run the country like a business!"

[–] pleasegoaway@lemm.ee 32 points 1 day ago (3 children)

The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

All is going according to plan.

[–] SeaJ@lemm.ee 10 points 23 hours ago

It is kind of seeming like this. Anyone who has a ton of cash on hand can get amazing deals on assets. Trump has said as much.

[–] Initiateofthevoid@lemmy.dbzer0.com 2 points 16 hours ago* (last edited 15 hours ago)

This is nonsense that gets spread way too often. The wealthy benefited from Covid, but they did not benefit from the Great Depression. Billionaires are shortsighted hoarders who can't help but screw themselves over in their race to the ~~top~~ end. They really are so fucking stupid and greedy that they will crash the economy by accident, AGAIN.

[–] Drusas@fedia.io 5 points 22 hours ago (1 children)

They are also designed to give Trump leverage over companies and countries.

[–] Omega_Man@lemmy.world 1 points 6 hours ago

Kind of like punching your neighbor in the face, shooting yourself in the foot, then begging your neighbor for help.

[–] Jinx@lemmy.ca 14 points 21 hours ago
[–] magnetosphere@fedia.io 31 points 1 day ago

The economists are only “stunned” because they’re used to dealing with logic, reason, and numbers that make sense. You have to throw those things out the window when dealing with Mango Mussolini, folks!

[–] TowardsTheFuture@lemmy.zip 20 points 1 day ago

Republicans have been confidently and fully wrong about economics for like a hundred years now dude, a republican making up economic bullshit that will hurt the American people should not be a surprise.

[–] SocialMediaRefugee@lemmy.world 13 points 22 hours ago

Hey, he used the good crayons

[–] MyOpinion@lemm.ee 16 points 1 day ago (1 children)

A brain dead Orange Turd running our country. What could go wrong.

[–] homesweethomeMrL@lemmy.world 3 points 1 day ago

Uh excuse me, where is your ridiculously oversized truck and bedsheet-sized flags?

[–] P00ptart@lemmy.world 13 points 1 day ago (3 children)

Someone made it in excel in 10 minutes.

[–] SarcasticMan@lemmy.world 14 points 1 day ago (1 children)
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[–] bitjunkie@lemmy.world 5 points 21 hours ago

Fuck this piece of shit.

[–] homesweethomeMrL@lemmy.world 10 points 1 day ago (1 children)

‘Willing sycophants’ came up with simplistic formula that has thrown global economy into disarray

Way to shoot us in the crotch republiQans and eligible non-voters! You suck!

[–] TallonMetroid@lemmy.world 3 points 20 hours ago

B-but muh egg prices! Also, something something okay with the economy crashing if it owns the libs.

[–] 96ToyotaCamry@lemmy.world 9 points 1 day ago (1 children)

Chat, are we cooked? (Yes)

Mentally, this is where I am at: https://youtu.be/rN6fcu1qCcw

[–] magnetosphere@fedia.io 5 points 1 day ago (1 children)

Merely watching that guy “dab” was worth it. And he did it three times!

[–] 96ToyotaCamry@lemmy.world 2 points 20 hours ago

Now this is epic

[–] homesweethomeMrL@lemmy.world 8 points 1 day ago

“[It is] quite an extraordinary calculation after months of work behind the scenes,” said Jim Reid, the global head of macro research at Deutsche Bank. “[It] didn’t add much confidence on there being an in-depth strategic implementation plan.”

lol. First of all Deutsche Bank, how are you still operating, and secondly it's your fucking fault the demented rapist is even here (thanks to Justice Kennedy's son). Thirdly, anyone who thinks a trump administration effort is going to have an "in-depth strategic plan" is smoking crack. (Those of you arguing 'project 2025' remember that came from outside the administration)

[–] SeaJ@lemm.ee 5 points 23 hours ago

Odd (not at all) that Russia is not included. I know that we lot do about $3.5 billion in trade with them but some places that we hit with tariffs are not even inhabited.

[–] Hawke@lemmy.world 4 points 1 day ago (2 children)

The thing that makes no sense to me is… who is actually making those calculations?

It sure as hell isn’t trump, I doubt his ability to understand what a trade deficit is.

Is he even capable of describing his goal to someone in a useful way such that they could come up with the calculations?

[–] themadcodger@kbin.earth 3 points 22 hours ago (1 children)

It's literally chatgpt, or one of the other AIs. They're all spitting out the same nonsense.

[–] Hawke@lemmy.world 1 points 21 hours ago (1 children)

I mean vaguely plausible except that I don’t think ChatGPT could do anything with what trump could ask it.

And honestly ChatGPT would probably come up with a much much more sane policy than this one

[–] CouncilOfFriends@slrpnk.net 1 points 3 hours ago* (last edited 3 hours ago)
[–] SeaJ@lemm.ee 2 points 23 hours ago (2 children)

The dude majored in economics and very clearly does not understand how a trade deficit works.

[–] futatorius@lemm.ee 1 points 6 hours ago (1 children)

He barely passed an undergrad econ degree at Wharton. Wharton's MBA program is well-regarded, its undergrad program was, at that time, barely selective.

[–] SeaJ@lemm.ee 1 points 4 hours ago

Rich kids get gentleman Cs like GWB did at Yale. There was no possibility that he wasn't going to pass.

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[–] BowlingForBowls@lemmy.today 3 points 1 day ago (1 children)

"Make America Wealthy Again"

Tariffs don't charge the foreign entity

American companies pay the tariffs

The "America" being made wealthy must mean the government

The same government that isn't paying out to USAID, researchers, or anything else DOGE plugged

Less money out, more money in.

This will be remembered as the largest migration of money between classes in US history.

[–] futatorius@lemm.ee 1 points 6 hours ago

American companies pay the tariffs

American companies pass throught he tariffs. American people pay them.

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