AGI Escapes Containment; Trump Admin: "Hold My Beer" — Tariff Terathread
Sailor Sega Saturn @ sailor_sega_saturn @awful.systems Posts 7Comments 673Joined 2 yr. ago

Sailor Sega Saturn @ sailor_sega_saturn @awful.systems
Posts
7
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673
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2 yr. ago
To be fair their calculation also involves multiplying by the carefully chosen factors of 4 and 0.25. It's a macroeconomics thing you probably wouldn't understand. https://ustr.gov/issue-areas/reciprocal-tariff-calculations
This "Cavallo" reference isn't actually listed in their citations (gee I wonder why) but appears to be Tariff Pass-Through at the Border and at the Store: Evidence from US Trade Policy (link).
Meanwhile Cavallo et al 2021:
Amazing. The government's official position is that tariffs are OK because both US exporters and importers get less money.