How the White House Calculated Its ‘Reciprocal’ Tariffs on Imports
The Trump administration took that formula’s figure, -0.5 for South Korea, and divided it by two to calculate the U.S. “discounted reciprocal” tariff rate. So, while South Korea imposes an effective tariff rate of .79 percent on U.S. goods, the reciprocal tariff rate the U.S. is imposing on South Korea is 25 percent.
For instance, Trump said, the U.S. estimated a total trade barrier rate of 67% for China, meaning the U.S. would impose a 34% ...
Technology Technology The Big Story TikTok deal pulled after Trump tariff announcementA finalized TikTok deal was pulled ...
Israeli Prime Minister Benjamin Netanyahu is reportedly planning to meet with President Trump at the White House next week. Netanyahu’s visit is slated for Monday, according to Axios, but is subject ...
Former President Barack Obama and former Vice President Kamala Harris, in separate remarks on Thursday, criticized President ...
1hon MSN
The White House released a statement on Friday, noting March's job report shows the private sector is "roaring back" under the Trump administration.
On top of a baseline 10% tariff against the entire world, individual countries will face additional tariffs based on how ...
The White House’s new tariffs announced Wednesday were pegged to amounts it said other countries impose on the U.S. In many ...
Where does the money collected from tariffs go? How soon will prices rise for consumers? What tariffs are other countries ...
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