Economist White House cited to justify tariff plan says Trump ‘got it very wrong’

There is no cunning theory behind Trump’s tariff plan

The White House cited my classmate’s economic research to justify its reciprocal tariffs – it got the maths wrong. But it gets worse.

Trump used my research for tariffs and got it all wrong: Former Biden official

Fmr. Treasury Department official Brent Nieman discusses how his trade-related research was used by the Trump administration as a basis for its tariff rates and what it got wrong.

An incorrect variable in the tariff formula has led to tariffs being almost four times higher, an American think tank estimates.

“There can be permanent tariffs... there are things we need beyond tariffs. We need open borders."

The plot thickens. Krasnov should have said: divide all White House tariff results by four Trump tariff levels are based on a basic error in math and economics which he will never admit to because the most important thing is never admitting you are...

Trump’s Tariff Formula Is Still Wrong. Maybe That’s Why No One Will Admit They Created It.

Last Friday, we showed that the Trump Administration’s tariff formula contained an error that made its calculated tariffs up to four times too large. The entire premise of the administration’s approach—that a country’s tariff and non-tariff trade barriers can be derived solely from the bilateral trade balance with that country, and that the goal of trade policy should be to avoid bilateral trade deficits altogether—makes no economic sense. But e…

The Trump White House cited my research to justify tariffs. They got it all wrong.

My first question, when the White House unveiled its tariff regime, was, “How on earth did they calculate such huge rates?” Reciprocal tariffs, after all, are supposed to treat other countries the way they treat us, and foreign tariffs on American goods are nowhere near these levels.