Democracy Dies in Darkness
Economists say the way Trump calculated tariffs makes no sense
An overly simplistic formula for “reciprocal tariffs” is unlikely to lead to the elimination of trade deficits, trade experts warn.
Economists say the crude formula the White House used to calculate what it’s calling “reciprocal tariffs” is too simplistic to achieve its goal of wiping out U.S. trade deficits — and, for that matter, they say that goal doesn’t make sense, either.
