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D.T. 2.0 Tariffs
DT 2.0 used a formula to calculate tariffs based primarily on the trade deficit between the US and each country as a trading partner. The formula converts the trade deficit into a percentage. That is how it gets to tariff rates with a floor of 10% and no ceiling. Essentially, the larger the trade deficit,…
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Debt, Deficits, Cassandra!
Debt and deficits. Everywhere I look, read, listen, observe, or encounter in person or by text or by email, there are wannabe Cassandras predicting a calamity over debt and the deficit. These are all just opinions. Remember: Cassandra could predict the future, yet no one believed her. Modern-day, wannabe debt-and-deficit Cassandras predicting the future are often believed,…