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Paul Krugman
pkrugman.bsky.social
did:plc:vl7iw2awdpm72srjve3f4fj2
A quick note on Trump's new tariff plan. It's 10 percent across the board, 125 percent (!) on China. What's the effective tariff rate? Well, China was 13 percent of imports in 2024, so you might say .13*125+.87*10 = 24.95. But imports from China will fall, so how do we adjust it? 1/
2025-04-10T10:25:05.389Z