This Is the Formula Trump's Team Used to Calculate Tariffs

President Donald Trump runs down the reciprocal tariff rates the United States will impose on worldwide trading partners during an event Wednesday in the White House Rose Garden.Source: Bloomberg

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By Josh Wingrove

April 3, 2025 at 4:25 AM UTC

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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.