BARTIROMO: Are we now gonna see egg prices move back higher because of the tariffs?
— Aaron Rupar (@atrupar) April 3, 2025
BROOKE ROLLINS: All to be determined. The president has said that we'll have a little bit of uncertainty in the coming weeks, perhaps a month or two. I'm not gonna sit here and say everything is… pic.twitter.com/8PU1oIqpKX
BARTIROMO: Are we now gonna see egg prices move back higher because of the tariffs?
BROOKE ROLLINS: All to be determined. The president has said that we’ll have a little bit of uncertainty in the coming weeks, perhaps a month or two. I’m not gonna sit here and say everything is gonna be perfect and the prices are gonna come down tomorrow because this is an uncertain time, but that is the president’s genius in all this … God bless him.
Bartiromo, formerly known as “the money honey” knows very well what’s going on. Brooke Rollins is the Secretary of Agriculture.
The markets crashing is all part of Trump’s genius plan. Here’s more of that Wharton School genius:
It didn’t take long before someone cracked the code on how the White House decided to overturn the global trade order.
The White House claimed to base its decision on tariff rates and nontariff barriers, but economic journalist James Surowiecki reckons it was all just a back-of-the-envelope calculation. “Instead, for every country, they just took our trade deficit with that country and divided it by the country’s exports to us,” the former financial columnist for The New Yorker posted on X. “What extraordinary nonsense this is.”
That approach meant Trump and his advisers simply took the U.S. trade deficit with the European Union — $235.6 billion in 2024 — and divided it by the bloc’s exports to the U.S., which totaled $605.8 billion.
The result was 39 percent, which the administration interpreted as the “unfair” trade advantage the EU holds over the U.S. From there, the White House proposed a 20 percent tariff, framing it as a corrective measure to level the playing field.
Trump, speaking in the White House Rose Garden on Wednesday, said he was being “kind” by cutting the tariff rate almost in half.
[…]
The White House responded with a formula featuring Greek letters and six research references to underscore the credibility of its momentous economic decision. Incidentally, that formula describes the same calculation detailed by Surowiecki in his analysis.
Washington claimed its reciprocal tariffs, masterminded by the Council of Economic Advisers, were based on a formula accounting for trade barriers, import elasticities and tariff pass-through rates — aiming to set tariffs high enough to eliminate bilateral trade deficits. It also considered value-added tax as a trade barrier — even though this is paid on products and services sold in a country regardless of where the company selling them is from.
The White House’s calculated figure of 39 percent is more than 10 times higher than the actual average, trade-weighted tariff charged by the EU of 2.7 percent, according to the World Trade Organization.
What’s Trump doing today as the world implodes?
