Trump’s ‘Reciprocal’ Tariff Formula Is All About Trade Deficits
Posted: Thu Apr 03, 2025 1:57 am
President Donald Trump’s administration calculated its raft of new tariffs primarily based on existing trade balances — a departure from pledges to match the tariff rates and other trade barriers from other countries.
Source: https://www.bloomberg.com/news/articles ... e-deficits