Amid claims that a chatbot helped shape the key calculations, the president is now off playing golf. He’ll find the world economy in a bunker
There’s a scene in the very first episode of Yellowstone where the casino-owning Native American chief explains the basic financial logic of all casinos to an uncomfortable politician: “The gamblers’ money is like a river – flowing one way. Our way.” Oh no, hang on, wait … Not all casinos. In fact, it could be that when all is said and done, the historians looking for that one key fact to illustrate the eventual legacy of Donald Trump will not go with his two stunning presidential election wins. Instead, they’ll point out that in the 90s, he literally managed to bankrupt casinos. To repeat: this is a man who somehow contrived to bankrupt multiple casinos. Is he the guy to reshape the entire global economic order of the past century? Let’s find out! Either way, only 45 months of his presidency left to go.
Anyway: tariffs. Rather than using actual tariff data, the United States of America this week appeared to have genuinely used a basic ChatGPT-style model to calculate the tariffs it would immediately impose on friends/foes/arctic wildlife. This was called either “liberation day”, or the “declaration of economic independence” (sadly not abbreviated – yet – to DEI).
Marina Hyde is a Guardian columnist
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