FromThe Verge:
Economist James Surowieckiquickly reverse-engineered a possible explanation for the tariff pricing.
Halve that number, and you get a ready-to-use discounted reciprocal tariff.
That should not be terribly surprising to anyone who understands the fundamentals of chatbots.
Jabin Botsford/The Washington Post/Getty
They are imitating what they frequently see posted online.
They confidently say things that are wrong or confounding all the time.
You have to wonder if they even read the tariff suggestions before making them policy.
There are perfectly good reasons why a country might have a trade deficit with another.
The U.S. has atrade surplus in servicesas countries use many American services, from Facebook to Netflix.
Every country has what economists call a comparative advantage, something they do well that other countries do not.
Even with tariffs, labor in America is so expensive it would likely still be cheaper to import goods.
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Two banks say Amazon has paused negotiations on some international data centers.
