Summary
Trump’s tariff formula, based on trade deficits divided by export values, has imposed disproportionately high tariffs on poor nations, with Madagascar facing 47%, Lesotho 50%, and Cambodia 49%.
Critics say the method unfairly punishes countries that import little from the U.S. and lacks credible economic basis.
Rich countries like EU members are also affected, with a 20% tariff branded a “colossal inaccuracy.”
Economists and trade experts question whether this mechanical approach leaves room for negotiation, warning it strains alliances and undermines global trade norms.
The results are expected, but it’s the fact that the US President is stupid enough to hurt his own country having the entire country’s resources at his own disposal to know better, is a bit shocking. It’s like stepping on a rake while pointing and looking at it.