Summary
Critics accused Trump and his administration of using ChatGPT to create its new tariff formula, which mirrors AI-generated outputs.
Commentators highlighted that the tariffs appear based on a simplistic calculation: divide the U.S. trade deficit with a country by total imports, or default to 10%.
Analysts slammed the approach as flawed and dangerous.
Markets reacted sharply, with the S&P 500 falling over 4% and Nasdaq dropping more than 5%.
I’m fairly certain it’s too “flood the zone with bullshit”, straight out of the Steve Bannon playbook. It’s so ridiculous that this is what we’re wasting our time on. Instead of discussing all the other real insane things.