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 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.