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Were the White House’s Tariffs Calculations Done By AI?
Economist Wojtek Kopczuk asked ChatGPT to calculate tariffs to balance out the U.S. trade deficit. He received a similar answer to the White House’s documentation, showing the AI used “a basic approach” that divided the trade deficit by the total trade. Entrepreneur Amy Hoy ran a similar experiment, yielding identical results from AI models.
President Trump's reciprocal tariffs on dozens of countries go into effect Wednesday. Here's what to know about the import taxes.
Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” ...
The White House said Tuesday that it was “setting the stage for a deal with China” on trade as administration officials seek ...
“Reciprocal,” he emphasized. “That means they do it to us, and we do it to them. Very simple, can’t get any simpler than that.” The new tariff rates the White House published are not ...
President Donald Trump announced a plan for reciprocal tariffs that affect most countries, and while most are paused for now, there has been confusion about what they could mean.
According to the Budget Lab at Yale, consumers now face an average effective tariff rate of 28 percent, the highest level since 1901. Even if consumers adjust their preferences away from more ...
Key Takeaways The White House says it is close to trade deals with several countries. These deals will likely result in lower ...
The U.S.’s international trade court declined late Tuesday to immediately block President Donald Trump’s sweeping tariffs—at ...
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