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%.
Not only that, but the table itself tells a lie.
They needed numbers to look like other countries are mistreating the US. They made up some numbers. He went on the big screen to tell yet another lie.
For example, the average tariff on US goods in Europe until now is around 4% (probably less). He’s representing it as 39%.