Not only that, I read the paper too. You can read it here:
https://www.hudsonbaycapital.com/do...o_Restructuring_the_Global_Trading_System.pdf
The paper says it’s Bessent’s idea to put countries into tariff tiers based on some factors (trade deficit is not one), and recommends a gradual implementation system. Let’s assume that’s a good idea. What’s the wisdom of singling out your biggest trading partners first before fucking everyone else?
Take Canada for example. If Trump announced a broad 10% tariff on everyone and higher on China Canada might’ve been able to stomach it easier. Now not only they retaliated, but it created a political storm too. Also why antagonize European NATO members while you’re taking on China?
The rolled out tariffs doesn’t seem to follow the pattern that the paper is proposing. It seems to me that Trump took the basic idea and forged his reckless stupidity into it. But I’m sure “nobody knows about this stuff better than him”.