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How the White House Calculated Its ‘Reciprocal’ Tariffs on Imports
The Trump administration took that formula’s figure, -0.5 for South Korea, and divided it by two to calculate the U.S. “discounted reciprocal” tariff rate. So, while South Korea imposes an effective tariff rate of .79 percent on U.S. goods, the reciprocal tariff rate the U.S. is imposing on South Korea is 25 percent.
Per an Axios breakdown: "The formula is to divide the U.S. trade deficit with each country by that country's exports to the U ...
U.S. President Donald Trump has for weeks pegged April 2 as "Liberation Day", when he plans ... the details and nobody ...
President Donald Trump announced sweeping tariffs on most nations Wednesday, which his administration says will free the United States from relying on other countries for trade. The president has ...
US Trade Representative Jamieson Greer was spending a second day testifying to Congress on what the Trump White House ...
The White House is sending mixed messages on tariffs as it pursues conflicting goals, and Senators on Capitol Hill are ...
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