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This is: 1. an absolutely nonsensical way to think about trade 2. nothing to do with tariff barriers, it’s just…relative trade. It’s just something else entirely 3. a CRAZILY back-of-the-envelope way to set global trade policy It is mad that this is real.

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This wouldn’t surprise me at all. Though I’m curious how that works with some of those uninhabited islands. How do they get to, if I recall, 37% tariffs? Or did they use the tried and true method of establishing tariff rates by throwing darts at a dartboard in a dark room?