This is incredible. The White House sent out the Deputy Press Secretary Kush Desai to protest that the equation for tariffs on a country was definitely *not* just calculated as just (trade_deficit / imports) but instead calculated as [insert greek letter arithmetic that looks complicated].
What #KushDesai did not realize is that the values chosen for the greek letters in the equation he cited in the paper he cited it from make the formula reduce to…
trade_deficit / imports
"It's essentially #CriticalTradeTheory. Any trade imbalance between two countries is de facto evidence of systemic unfair trade practices."
https://x.com/KushDesai47/status/1907617412142317680