@realcaseyrollins @Phil @diego Trump’s “reciprocal tariffs” do not offset actual tariffs. Those “tariffs” do not exist. They assume that a bilateral trade deficit is ipso facto evidence of non-tariff barriers, and use a miscomputation to offset the combination of (usually very small) formal tariffs and the hypothetical non-tariff barriers they’ve deduced. 1/

@realcaseyrollins @Phil @diego The computation is structured not to replicate others tariffs, but to discern the rate which, under some probably incorrect assumptions and with almost definitely incorrect inputs, would push each bilateral relationship to balance. (Note: This is for the now-suspended “reciprocal tariffs”.) /fin