Gotta love these two sentences in that article:

(when describing the model) Let ε<0 represent the elasticity of imports with respect to import prices...

(when implementing the model) The price elasticity of import demand, ε, was set at 4.

4 is less than 0, right? Right?!?

Yea that's even more ridiculous. Epsilon*phi equals to 1 because i guess that's the best mathiness they could do.

My favorite citation is curiously missing from the references (as of Sat April 5, 6:40 EST):

> The recent experience with U.S. tariffs on China has demonstrated that tariff passthrough to retail prices was low (Cavallo et al, 2021).

The line that says "sure, tariffs won't cost consumers _that_ much", and they don't even have a bibliographic entry for Cavallo et al. 2021.