President Donald Trump’s large tariffs introduced on dozens of countries have been pitched as “reciprocal,” matching what different nations cost the United States greenback for greenback, even taking into consideration non-tariff boundaries like value-added taxes and different such measures. But the precise calculation the Trump administration used just isn’t reciprocal in any respect. Matching nations’ tariffs greenback for greenback is an extremely troublesome process, involving poring over every nation’s tariff schedule and matching a fancy array of merchandise, every of which has a special cost for any variants. Instead, the Trump administration used fairly a easy calculation: the nation’s commerce deficit divided by its exports to the United States instances 1/2. That’s it. #CNN #News
