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3 days agoHonestly they probably plugged it into Grok and asked it to spit out the list of countries to tariff.
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Cake day: June 16th, 2023
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It’s probably dumber than you think why they weren’t on there. The formula they used to come up with the countries tarrifs rate is based simply on trade deficit calculations. So if you aren’t exporting/importing from those countries they wouldn’t be included. It doesn’t even matter if there was a trade surplus.
For example, take the figures for China:
- Goods trade deficit: $291.9bn
- Total goods imports: $438.9bn
- 291.9/438.9 = 0.67, or 67%
- And halved = 34%
Sources:
https://www.ft.com/content/e025d7e6-512d-4e82-9c25-7900b94ac153
3·2 months agoThe board has close ties to musk. His brother is on the board. That’s why they will always pay the guy.
He did that already in 2018 and they expired in 2024.
https://www.aeaweb.org/articles?id=10.1257%2Faer.20190611
Tariffs resulted in a pass through cost greater than 100%.
They also find the employment effect (1800 jobs, not 2000) but the cost to the public of those jobs was $800,000+ each.
If you think about it. Have you ever seen him actually laugh or just smirk?
231·2 months agoOh look… An actual weaponized DOJ. Projection of drumps goals strikes again.
He has a call with Trudeau later today.
All the large platforms can do that. Elon cried about too many bots before he bought Twitter and now it’s worse.
Meta has ai profiles. https://www.404media.co/metas-ai-profiles-are-indistinguishable-from-terrible-spam-that-took-over-facebook/
None of these big companies care as long as their profit goes up.
The 3rd world country with a Gucci belt*
I’ve seen a new talking point popping up that he’s crashing the market on purpose to refi US debt and force the fed to drop interest rates…