Economists say there's a math error in Trump's tariff formula [video]
a year ago
- #tariffs
- #trade
- #Trump
- Economist Dr. Stan Veuger identifies a math error in the formula used by the Trump administration to calculate tariffs.
- Various reactions to Trump's tariff policies are highlighted, including impacts on industries like steel manufacturing and Italian food exports.
- Concerns are raised about the potential negative effects of tariffs on businesses, such as a coffee shop owner feeling financially strained.
- Criticism of Trump's tariff negotiation approach is voiced, with predictions of failure from a Tesla investor.
- Protests against Trump and Elon Musk are mentioned, indicating widespread public dissatisfaction.
- A toy factory CEO warns that Trump's tariffs could backfire, harming the industry.
- Market volatility is discussed, with reactions from figures like Larry Summers dismissing Trump's tariff policies as nonsensical.