u/joekar1990

Right. Like is that a base rate or is that just for steel and aluminum?

He did just host his crypto dinner so who had his ear who was going to make boatloads of money on the EU tariffs?

Except it's Trump. He will never step down. He can't admit he's wrong on anything otherwise it'll break his macho man persona of never being wrong and it's not his fault.

Looking like complete escalation since china won't bend the knee to him

https://www.bloomberg.com/news/articles/2025-04-07/trump-threatens-additional-50-china-tariff-over-retaliation

I've seen a new talking point popping up that he's crashing the market on purpose to refi US debt and force the fed to drop interest rates...

Honestly they probably plugged it into Grok and asked it to spit out the list of countries to tariff.

It's probably dumber than you think why they weren't on there. The formula they used to come up with the countries tarrifs rate is

based simply on trade deficit calculations. So if you aren't exporting/importing from those countries they wouldn't be included. It doesn't even matter if there was a trade surplus.

For example, take the figures for China:

• Goods trade deficit: $291.9bn

• Total goods imports: $438.9bn

• 291.9/438.9 = 0.67, or 67%

• And halved = 34%

Sources:

https://www.ft.com/content/e025d7e6-512d-4e82-9c25-7900b94ac153

https://news.sky.com/story/do-trumps-tariff-numbers-add-up-after-liberation-day-announcement-13340903

https://www.theguardian.com/us-news/2025/apr/03/trumps-idiotic-and-flawed-tariff-calculations-stun-economists