How were Donald Trump's tariffs calculated?
- President Donald Trump announced a 10% tariff on nearly all countries, effective April 5, 2025, due to an 'economic emergency' declared by his administration.
- Certain countries, including China, will face even higher tariffs due to being labeled 'worst offenders' in trade practices by Trump.
- Countries already facing U.S. Sanctions, such as Russia and Iran, will not be affected by the new 10% tariff.
- Economists warn that these tariffs may lead to increased prices for imports, potentially harming the economy due to inflationary pressures.
122 Articles
122 Articles
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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