Trump’s tariff formula used the wrong value in its calculations, conservative think tank says. ‘This whole thing was rigged.’

Q: How long will it take to read this news story?

The story "Trump’s tariff formula used the wrong value in its calculations, conservative think tank says. ‘This whole thing was rigged.’" has 900 words across 6 sentences, which will take approximately 4 - 8 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Trump’s tariff formula used the wrong value in its calculations, conservative think tank says. ‘This whole thing was rigged.’" was covered 3 weeks ago by Fortune, a news publisher based in United States.

Q: How trustworthy is 'Fortune' news outlet?

Fortune is a fully independent (privately-owned) news outlet established in 1929 that covers mostly economy and business news. The outlet is headquartered in United States and publishes an average of 46 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27694313</li><li>URL: https://beamstart.com/news/trumps-tariff-formula-used-the-17440736171567</li></ul>

Fortune Logo Fortune 3w ago

Trump’s tariff formula used the wrong value in its calculations, conservative think tank says. ‘This whole thing was rigged.’ - Fortune

Quick Summary:

"What's driving the policy, is that since the 1980s Trump has been a protectionist, and he thinks trade deficits are losses and trade surpluses are profits," AEI's Stan Veuger told Fortune.

Cavallo himself also addressed the fact his work was referenced in the USTR’s report.“It is not entirely clear how they use our findings,” Cavallo wrote on X last week.“Based on our research, the elasticity of import prices with respect to tariffs is closer to 1.

"What's driving the policy, is that since the 1980s Trump has been a protectionist, and he thinks trade deficits are losses and trade surpluses are profits," Veuger said."He just likes tariffs.