Economist says there's a math error in the formula used to calculate Trump's tariffs

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Economist says there's a math error in the formula used to calculate Trump's tariffs | CNN Business

//business-finance.news-articles.net/content/202 .. d-to-calculate-trump-s-tariffs-cnn-business.html

Published in Business and Finance on Saturday, April 26th 2025 at 10:20 GMT by CNN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Dr. Stan Veuger breaks down the math that President Donald Trump's administration used to calculate the tariffs and says there's an error in the equation.

2025-04-26 312 x 175 / 33984 Bytes

In a CNN interview from April 8, 2025, economist Donald Veuger criticizes former President Donald Trump's proposed tariffs, arguing that Trump's math on how tariffs would benefit the US economy is fundamentally flawed. Veuger explains that Trump's assertion that tariffs would generate significant revenue and protect American industries is incorrect, as tariffs would likely lead to higher prices for consumers, retaliatory measures from other countries, and potential disruptions in global trade. He emphasizes that the economic impact of such tariffs would be detrimental, contradicting Trump's claims of economic gains.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/04/08/business/video/trump-tariffs-math-equation-wrong-economist-veuger-cnc-digvid ]