Trump’s Tariff Formula Slammed As ‘Fake’ And ‘Incredibly Stupid’ By Experts
- President Trump announced reciprocal tariffs at a White House Rose Garden event on April 2, 2025.
- The White House stated the tariffs respond to harmful policies from other countries, like currency manipulation.
- The new tariff rates, based on 2024 data, included 54% for China, 20% for the EU, and 26% for India.
- Trump said the figures were based on tariffs, non-monetary barriers, and other forms of cheating.
- Economists warned the tariffs could strain trade, and global leaders pledged retaliatory measures.
76 Articles
76 Articles
'What the heck are those numbers?' Trump math leaves trade experts baffled
CNBC journalist Steve Liesman on Thursday found himself absolutely baffled by the math that President Donald Trump and his administration were using to justify the massive tariffs they slapped on nearly every nation in the world.While discussing the tariffs, Liesman said he immediately knew something was off with Trump's presentation in the Rose Garden when he falsely claimed that the European Union charged 39 percent tariffs on American goods."…
The math Trump’s admin. used to calculate tariff rates stuns economists
President Trump’s administration says they used a formula to calculate tariff rates for foreign countries. CNN anchors Dana Bash and Phil Mattingly break down the numbers and how economists are reacting.
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