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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.
Mr. Trump insists that these actions are his way of standing up for farmers and ranchers. Other nations such as Japan, China ...
President Donald Trump has kept his promise on tariffs — so much so that it’s freaking out investors, economists, CEOs and a ...
Stock markets around the globe and in the U.S. fell significantly the day after ... These tariffs also do not apply to Russia, North Korea, Cuba, or Belarus. A White House official told the ...
President Trump on Saturday urged Americans to "hang tough" and played golf as his baseline 10% universal tariffs went into ...
President Trump’s widespread tariffs have unleashed carnage on U.S. stocks, fears of a global trade war and dread about the ...
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