Apr 3, 2025
Economists mocked the Trump administration's methods for calculating taxes on imports from abroad.
These fools can’t competently do anything. An embarrassment we will suffer for generations. Heaven help us.
President Donald Trump claimed Wednesday that sky-high new taxes on imported goods would be “reciprocal,” meaning they were payback for tariffs other countries have slapped on U.S. exports.
But the reciprocal tariffs turned out not to be based on actual levies imposed by other countries. Instead, they’re based on a formula made up by the White House ― and widely mocked by experts.
