Why Trump’s tariff math is a joke
Brent Neiman writes: 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. The next day it got personal. The Office of the U.S. Trade Representative released its methodology and cited an academic paper produced by four economists, including me, seemingly in support…