JOURNAL ARTICLE

Trump's tariff formula used the wrong value in its calculations, conservative think tank says. 'This whole thing was rigged.'.

  • Published In: Fortune.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Confino, Paolo 3 of 3

Abstract

The article focuses on a significant error in the White House's calculations regarding new tariffs, which resulted in inflated tariff rates. Scholars from the American Enterprise Institute (AEI) discovered that the White House used retail price elasticity instead of import price elasticity, leading to rates that were approximately four times higher than they should have been. This miscalculation has raised concerns about the accuracy and foundation of the tariff policy, with some analysts suggesting that the administration may have intentionally manipulated the figures to achieve desired outcomes. The article also discusses the broader implications of these tariffs on global markets and the economy. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2025/04, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2025
  • Accession Number:184325179
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