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Trump’s ‘reciprocal’ tariffs aren’t quite what they seem. Here’s the real story

  • President Trump announced new tariffs on Wednesday, framing them as reciprocal measures against trading partners.
  • The Trump administration aimed to address trade deficits and generate revenue through these tariffs.
  • The administration's calculation divided a country's trade deficit by its exports, factoring in investment and currency manipulation.
  • Trump stated his trade policy motto is, "They charge us, we charge them," but analysts question the methodology.
  • Experts warn the tariffs could trigger retaliation, harm the global economy, and lead to a recession.
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Bias Distribution

  • 55% of the sources are Center
55% Center
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The Globe & Mail broke the news in Canada on Friday, April 4, 2025.
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