How were Donald Trump's tariffs calculated?
- President Donald Trump announced tariffs on various countries, claiming they were reciprocal and matching other countries' charges.
- These tariffs primarily target nations with large trade surpluses relative to their exports to the U.S., which may harm multinational corporations reliant on these countries, according to Mike O'Rourke.
127 Articles
127 Articles
Commercial war: the strange calculation of the White House to justify customs duties
The U.S. President has imposed new reciprocal and massive taxes on goods entering the U.S., in addition to the previous ones, which raise fears of serious consequences for the world economy. But the Trump administration's method of calculating these tariffs is a matter of debate.
This is how Trump laid out the tariffs: “Napkin sketch”
How did Trump's experts calculate the outside world's tariffs against the United States? Experts see how the percentages are calculated and call it “invented” and “idiotic”. Meanwhile, Trump is mocked on the internet for putting tariffs on all exports -- from an island inhabited by penguins.
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…
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