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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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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Total News Sources77
Leaning Left27Leaning Right14Center31Last UpdatedBias Distribution43% Center
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C 43%
R 19%
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