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Trump's Reciprocal Tariffs: A Sham?

Donald Trump announced reciprocal tariffs on numerous countries, claiming they mirror the tariffs those countries impose on the US. However, it's been quickly revealed that this assertion is false.

The Formula

The White House revealed the formula used to calculate these tariffs: it involves dividing the US trade deficit with each country by the amount of imports from that country. If there's no deficit, a 10% tariff is applied. The resulting number is then halved, supposedly to show leniency.

Key Points

  • Tariffs range from 10% to 49%, with the 10% ones taking effect earlier than others.
  • Countries like Russia, Belarus, and North Korea are exempted.
  • The calculation method disproves Trump's claim of reciprocity.
  • The announced tariffs might not fully materialize, given past instances of Trump canceling or postponing similar measures.
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