Zum Inhalt der Seite gehen

mastodon

This is incredible. The White House sent out the Deputy Press Secretary Kush Desai to protest that the equation for tariffs on a country was definitely *not* just calculated as just (trade_deficit / imports) but instead calculated as [insert greek letter arithmetic that looks complicated].

What #KushDesai did not realize is that the values chosen for the greek letters in the equation he cited in the paper he cited it from make the formula reduce to…

trade_deficit / imports

"It's essentially #CriticalTradeTheory. Any trade imbalance between two countries is de facto evidence of systemic unfair trade practices."

x.com/KushDesai47/status/19076…

#Tariffs #MAGA #Trump #uspol #eupol #asia #China #PRC #Math #Mathematics #economics #economy #recession #corruption

Screenshot of Kush Desai Tweet
QFFICE of the UNITED STATES TRADE REPRESENTATIVE Parameter Selection To calculate reciprocal tariffs, import and export data from the U.S. Census Bureau for 2024. Parameter values for ε and ϕ were selected. The price elasticity of import demand ε was set at 4 Recent evidence suggests the elasticity is near 2 in the long run (Boehm et al., 2023), but estimates of the elasticity vary. To be conservative, studies that find higher elasticities near 3-4 (e.g., Broda and Weinstein 2006; Simonovska and Waugh 2014; Soderbery 2018) were drawn on. The elasticity of import prices with respect to tariffs, ϕ, is set to 0.25 The recent experience with U.S. tariffs on China has demonstrated that tariff passthrough to retail prices was low (Cavallo et al, 2021).
#trump #china #uspol #maga #tariffs #economics #math #corruption #economy #asia #eupol #mathematics #recession #kushdesai #prc #criticaltradetheory
Dieser Beitrag wurde bearbeitet. (1 Monat her)

Diese Webseite verwendet Cookies. Durch die weitere Benutzung der Webseite stimmst du dieser Verwendung zu. https://inne.city/tos

⇧