President Trump's recent trade policy announcement has been met with confusion after he imposed a 10% baseline tariff on all imports, pegged to an incomprehensible formula. Economist James Surowiecki revealed that the tariff figures mirror an over-simplified method known as "deficit divided by exports." While the White House contested this finding, their published formula resembled Surowiecki's critique, which he deemed "extraordinary nonsense." Notably, major AI chatbots like ChatGPT and Claude seem to promote similar flawed calculations, raising questions about reliance on AI for complex economic policies.
When President Donald Trump announced the latest trade policy, a baffling 10 percent baseline tariff was slapped on all US imports, instigating market plummets.
Economist James Surowiecki discovered that the tariff figures could be derived from dividing a country's trade deficit with the US by their total exports.
Surowiecki labeled the tariff calculation approach as "extraordinary nonsense," suggesting that the White House's method was oversimplified and flawed.
Notably, major AI chatbots consistently suggest a similar "deficit divided by exports" formula, perhaps influencing Trump's team's misguided calculations.
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