Here's how Trump calculated tariffs. The math has baffled economists
Sebastian Ujică
"There's so much wrong with this approach that it's hard to know where to start," said a Nobel laureate. Trade economists were scratching their heads at the formula used by the White House to measure trade imbalances and inflict punishment on all its global trading partners. Handed a chart in the White House Rose Garden on Wednesday (Apr 2), US President Donald Trump presented the rationale for how his administration would impose reciprocal tariffs on partners ranging from major powers like
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