US Edition7 Articles
7 Articles
Trump Administration Used This Formula To Determine "Not Reciprocal" Tariffs
As countries consider their responses to US President Donald Trump's tariffs, reports on how the rates were calculated suggest that they weren't exactly reciprocal. For over half the countries, a flat reciprocal tariff of 10 per cent was imposed, according to the Wall Street Journal. For other countries, an additional levy was added. Per CNN, the number was arrived through a simple calculation: take the country's trade deficit with the US, divid…
Digging into the 'insane' formula the White House used to calculate its tariffs
U.S. President Donald Trump showed off a giant chart on Wednesday full of new “reciprocal” tariffs, which start at 10 per cent and grow steeper for countries with larger trade deficits with the U.S. But experts quickly noticed that these numbers don't add up. So what are these tariffs actually based on?
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