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On Thu, 3 Apr 2025 17:35:03 -0700, Dimensional TravelerAnd those numbers don't include a lot of non-physical services. When those get included the US actually has a trade surplus.
<dtravel@sonic.net> wrote:
On 4/3/2025 3:03 PM, Rin Stowleigh wrote:It kind of is actually as long as you're not opposed to explainingOn Thu, 3 Apr 2025 07:54:55 -0700, Dimensional TravelerNo, actually he isn't. It isn't simple to explain why he is wrong though.
<dtravel@sonic.net> wrote:
>On 4/3/2025 7:44 AM, Spalls Hurgenson wrote:>>Does that include the tariff for us Trump World slaves?
There's a lot of news about the imminent (give or take a few months)
release of Nintendo's Switch 2 portable console. Now, generally I
couldn't give a damn about the Switch --I've little interest in
consoles, portable gaming or Nintendo games-- but one factoid did
pique my interest: apparently all future first-party games for the
Switch 2 are expected to retail at least for $70 USD.
>
I know Trump is kind of a cartoonish,
orange-with-road-kill-on-his-head sort of douche and all, but isn't he
kind of right about the inequity that's been going on with regard to
tariffs?
>
what he's wrong about. The calculated numbers presented as if they
are actual foreign tariffs are really kind of "bottom line" numbers
that take into consideration real world trade deficit inequity. Sort
of like if you buy a house and the mortage company sells you a 2.5%
interest rate, but then you realize with all the terms of the loan
that the real world APR is like 8% assuming you pay it off in 10 years
and grows exponentially if you can't.
So the "fictitious tariff" numbers are just measuring the relative
impact from countries that keep selling but not buying (doesn't sound
like free trade, does it?). That's the source of the trade deficit he
is trying to solve.
It's actually a good idea if you want the US to prosper, it's just (in
his usual form) not delivered very well. And probably not of much
interest to those who don't understand any of it.
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