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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.
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Trump's trade math baffles economists

Trade economists were scratching their heads on Thursday at the formula used by the White House to measure trade imbalances and inflict punishment on all its global trading partners.

·France
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cedarnews.net broke the news in on Wednesday, April 2, 2025.
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