The former official Biden teared Trump to use his data on the definitions and “wrong”

Photo of author

By [email protected]


Brent Niman, former Treasury official Biden, criticized the Trump administration on Monday for the martyrdom of the research paper on the definitions, saying that the White House was “a mistake.”

In the New York Times GuestThe economist addressed the fact that the Trump team was martyred and three other experts on the customs tariff to justify its mutual tariff policy. However, Niman insisted that President Donald Trump’s tariff is much higher.

“The American Trade Actor Office released his methodology and pointed to an academic paper produced by four economists, including me, apparently to support its numbers. But she made a mistake. Very wrong,” he said.

The PENCE Group group launches in the Trump tariff before the “Liberation Day” event: “A tax on American consumers”

Trump holds a mutual tariff scheme

A former Treasury official in Biden criticized President Donald Trump for his use of his research to justify his mutual tariff, saying that Trump made a mistake in the data. (Brendan Smialowski / AFP via Getty Images / Getty Images)

Trump unveiled his mutual definitions planned on imports from a variety of countries last week during “him”Editing Day“The White House Rose Garden. Trump presented a sticker plate showing the rate of common definitions and other non -carrier barriers imposed by other countries on American exports, as well as the new American tariff rates that are believed to provide the trade deficit between the United States and those countries.

The figure of the former in the New York Times wrote that the administration was martyred with his telegram on this topic.Mutual tariffs“A report, although the economist argued that the president’s team used the research to reach the customs tariff rates much higher than Niman and other experts.

He added: “I do not agree mainly with the government’s commercial policy and its approach. But even taking it with the nominal value, the results we have reached indicate that the calculated definitions must be largely smaller-perhaps a quarter.”

Trump, the leaders of the Republican Party’s budget in the Senate are gathering in the White House in the draft reconciliation law

President Donald Trump shows a signature executive that imposes definitions

President Donald Trump presents an expected executive matter that imposes a tariff on imported goods during the Make Amelight Again (Andrew Harnik / Getty Images / Getty Images)

Niman began to say that it is not a realistic goal to end the trade deficit with these countries in the first place, as “commercial imbalances between the two countries can appear for many reasons that have nothing to do with protection.”

He gave an example, saying: “Americans spend more on the clothes made in Sri Lanka more than Sri Lankans spend on American drugs and gas turbines. What reflects this pattern differences in natural resources, comparative advantage and development levels. Disability numbers Do not suggest, not to mention proof, unfair competition. “

“The customs tariff form assumes that the tariff that has been placed on one country will not affect imports from any others and ignore any traces of exports. These assumptions may work to take action against a small commercial partner, but not for the wide Salvo that was announced last week.”

“A large tariff for Japanese car parts can cause increased demand for imports from Mexico and vice versa. The definitions clearly call for revenge and may increase over time from the value of the dollar, and both factors that are likely to mess with American exports.”

Click here to cover the media and culture

Shipping containers in the port

A former Treasury official in Biden says that the commercial definitions of President Trump do not take all economic factors. (Photo by Brandon Bell / Getty Embers / Getty Erch)

The previous treasury personality also explained how his team’s research was put on tariffs on customs duties Chinese exports In 2018 and 2019, the tariff of 20 % of the price of goods for importers will increase by 19 %. This number is the “scroll” rate that was connected to Formula Neiman. In this case, the success rate is 95 %.

The economist wrote that the Trump team used the formula but used the success rate of 25 % for reasons he said he could not explain. “Where did 25 percent come from? Is it related to our work? I don’t know,” he said.

Niman concluded that “if the commercial office had used a value closer to 95 percent of our work, as I think he should have done so, the calculated definitions may be less than a quarter of what they are.”

Click here to get the Fox News app

The White House did not immediately respond to the Fox News Digital request for comment.



https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2025/04/0/0/gettyimages-2207585188.jpg?ve=1&tl=1

Source link

Leave a Comment