US EditionTrump’s reciprocal tariffs a ‘double-edged sword’: Sen. Ron Johnson
- President Trump announced new reciprocal tariffs on April 2, 2025, impacting global trade.
- Trump aims to level the playing field, addressing what he views as unfair trading practices.
- The plan includes a baseline 10% tariff on all imports and higher tariffs for specific countries.
- The White House shared figures, but James Surowiecki noted a flawed calculation method: dividing trade deficit by imports.
- Economists question the tariffs' effectiveness, warning of potential economic damage and inflationary pressures.
41 Articles
41 Articles
Why Economists Are Horrified by Trump's Tariff Math
When President Donald Trump initially announced his new tariffs in February, he proposed them as a “fair and reciprocal plan on trade.” And so it was assumed that these reciprocal tariffs, as they are known, would be equal in value to the taxes that foreign countries have set against U.S. goods. [time-brightcove not-tgx=”true”] In fact, the tariffs unveiled on Trump’s April 2 “Liberation Day” were slightly more complicated—and for some economist…
Fact-checking Donald Trump’s tariff plans
President Trump announced his ‘Liberation Day’ reciprocal tariff package, in a move that’s set global economies into panic and stock markets into turmoil. But Trump said several falsehoods - many that he’d made before - and economists are baffled as to the White House’s methodology to calculate the exorbitant reciprocal rate. Vedika Bahl explains in Truth or Fake.
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