Did Trump Team Manipulate Tariff Formula To Achieve Higher Rates? Experts Weigh In As They Think 'Whole Thing Was Rigged'

It has been pointed out that the Trump administration may have made a calculation error in the process of calculating the tax rates of the "reciprocal tariffs" imposed on various countries. When the American think tank "American Enterprise Institute" recalculated the tariff rates, the actual tax rates announced...

'Blow your mind': Experts expose new 'major math error' in Trump trade formula

Experts from a conservative think tank are challenging "bad math" in President Donald Trump's complicated-looking formula explaining why he thinks tariffs are a good idea. CNN's John Berman exclaimed, "This is going to blow your mind here!" when introducing two economists with The American Enterprise Institute who pointed out the "major math error" to the Trump administration. Dr. Stan Veuger explained that the administration "picked the wrong …

Brent Neiman, a professor at the University of Chicago and former US Treasury member under President Biden, accuses the White House of misinterpreting its scientific findings massively – the far-reaching consequences are well known. In a guest contribution to the New York Times, Neiman now explained how his research was wrongly used to justify the amount of "reciprocal tariffs" announced by President Donald Trump. In fact, Neiman says, the calcu…

The American Enterprise Institute asks the White House to correct the shot. The rates would drop to a maximum of 14%. For the EU 10%

Did Trump Team Manipulate Tariff Formula To Achieve Higher Rates? Experts Weigh In As They Think 'Whole Thing Was Rigged'

The White House’s recent tariff calculations are reportedly based on an error that inflated the rates by approximately four times, according to a conservative think tank. What Happened: The White House used incorrect values in its tariff formula, leading to a significant overestimation of the rates, finds the American Enterprise Institute (AEI). The AEI scholars, Stan Veuger and Kevin Corinth, discovered that the White House used retail price ch…

Trump’s tariff formula ‘was rigged’ to get higher rates— and it used the wrong value for one of its variables, conservative think tank says

A conservative think tank found the White House measured retail price elasticity when it should have used import price elasticity. That mistake meant the tariff outputs were about four times higher than they should have been.  The formula the White House used to calculate its recent tariff is based on an error that roughly quadrupled the rates from what they should have been.  Two scholars at the American Enterprise Institute (AEI), a conservati…