These new “reciprocal” tariffs ostensibly aim to eliminate the US trade deficit by making imports ... The formula used to calculate the reciprocal tariffs is highly misleading.

President Donald Trump introduced his “discounted reciprocal tariffs” on over 200 countries on April 2. Most countries ...

The Trump administration used 2024 data to calculate the tariff rate, but trade deficits ... trade deficit over the last five years, tariffs on large countries wouldn’t change much.

Dive into the formula used by the U.S. to calculate its reciprocal tariff rates, and see what economists are saying.

to calculate the trade deficit, and then divides the trade deficit by that country's exports to the U.S., according to experts. In the case of the European Union, the resulting number came out to ...

In February, the overall U.S. trade deficit was $122.7 billion ... to spend less on nonessential items. "Is it going to change the deficit? I think in the near term, no. In the long term, maybe ...

Mr. Neiman was a Biden administration Treasury official who co-wrote trade-related academic research cited by the Trump White ...

These vary by country, according to a formula based on individual trade deficits ... VW Pics/Getty The real reason for the deficit The formula used to calculate the reciprocal tariffs is highly ...