Specifically, the White House documents appear to allege the “tariffs charged to the USA” are the greater of two different quantities: (a) 10 percent, and (b) the 2024 US trade deficit in goods with a given country, divided by the total quantity of US imports from that country.
Well the calculations are a bit more complex than you or the article suggests. Overall trade imbalance should play a role in calculations especially if these countries are choosing to import the same goods from other countries. Again Trump is using a fairly standard negotiating technique of starting from an extreme position of strength.
United States Trade Representative
Reciprocal Tariff Calculations
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Highmark ·
Pelle15 Newest Member ·