How were Donald Trump's tariffs calculated?
- President Donald Trump announced tariffs on several nations, claiming they matched foreign tariffs dollar for dollar.
- The Trump administration used a calculated method, dividing the trade deficit by U.S. Exports, resulting in a significant label of tariffs.
- Mike O'Rourke stated that the tariffs target nations with trade surpluses and are likely to impact U.S. Companies relying on these nations.
- Economist John Simon criticized the tariffs as a negotiation tactic, suggesting that the U.S. Misrepresents actual trade deals to create urgency.
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Digging into the 'insane' formula the White House used to calculate its tariffs
U.S. President Donald Trump showed off a giant chart on Wednesday full of new “reciprocal” tariffs, which start at 10 per cent and grow steeper for countries with larger trade deficits with the U.S. But experts quickly noticed that these numbers don't add up. So what are these tariffs actually based on?
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Total News Sources71
Leaning Left26Leaning Right12Center30Last UpdatedBias Distribution44% Center
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44% Center
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C 44%
R 18%
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