Latest / FiveStack with Dean Blundell & Zev Shalev
5 Craziest Facts About Trump's Tariffs
* Phony Math - Trump's formula has no logical basis, simply taking trade deficits, dividing by exports, and slashing by half to determine tariff rates. As Krugman noted, "those numbers are gobbledygook."
* Russia Exempt --Key countries were suspiciously exempted - Russia, Saudi Arabia, and Hong Kong face no tariffs while even uninhabited territories like Herd Island (population: zero humans, 2 million penguins) were targeted with tariffs.
* American Consumers will foot the bill - Economists project these tariffs will cost American households an estimated $5,000 per year in increased prices on…
The skinny
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