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How were Donald Trump's tariffs calculated?

  • President Donald Trump announced significant tariffs on numerous nations, described as reciprocal, aiming to match other countries' charges dollar for dollar.
  • The Trump administration reportedly used a formula that is a simple calculation of trade deficit divided by exports to the United States.
  • Mike O'Rourke stated that the tariffs were actually targeting countries with large trade surpluses, contradicting the claim of reciprocity.
  • Economist John Simon criticized the tariff discounts, suggesting they create a false sense of good deals and urgency, calling it a negotiating tactic.
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Financial Express broke the news in Uttar Pradesh, India on Thursday, April 3, 2025.
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