Re:US Administration announces 34% tariffs on China – 20% on EU
by matwood on Thursday April 03, 2025 @07:28AM
(#43568069)
> Claiming that the US government is insane while we, as random members of the public know better
Not insane, incompetent.
The problem with primarily hiring sycophants from his favorite cable news channel is that he's not getting the best, even from the GOP. This also makes him even more susceptible to people with their own agendas like Musk since no one is willing to pushback.
Re:US Administration announces 34% tariffs on China – 20% on EU
by intended on Thursday April 03, 2025 @08:37AM
(#43568730)
Curious - what would count as a non-average member of public?
Re:US Administration announces 34% tariffs on China – 20% on EU
by rockinghigh on Thursday April 03, 2025 @10:20AM
(#43570106)
You don't need much background in Economics to understand that blanket tariffs hurt companies that rely on imports and exports and lead to higher prices. They used an LLM to come up with a formula that's just the trade deficit when you simplify it and called it "tariffs charged to the USA".
It does not imply that what they are doing is a good idea or will work (whatever the objective is), just that there is more rational thought in what they are doing than what people might assume because the public does not have the information and seeing through what is going on requires insights that most people don't have, either.
Again, check @ggm comment above. I am not saying that this is what is going on but it is a possibility, and an average member of the public would never think of that scenario and thus wouldn't see the order in the apparent chaos.