Trump, Tariffs
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The tariffs, which he described as "reciprocal," fulfill a key campaign pledge and are aimed at pressuring trade partners to lower their own barriers.
From Newsweek
Reciprocal tariffs are calculated to balance bilateral trade deficits between the U.S. and each of its trading partners.
From USA Today
The U.S. imported about $3.3 trillion worth of goods last year, meaning the exemptions to the Wednesday tariff action amount to about 20% of import value overall.
From Wall Street Journal
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President Trump triumphantly held up a poster board in the Rose Garden on Wednesday showing the reciprocal tariffs he plans to impose on nearly every country in the world. But just how the White
Economist Wojtek Kopczuk asked ChatGPT to calculate tariffs to balance out the U.S. trade deficit. He received a similar answer to the White House’s documentation, showing the AI used “a basic approach” that divided the trade deficit by the total trade. Entrepreneur Amy Hoy ran a similar experiment, yielding identical results from AI models.
President Donald Trump’s sweeping new tariffs are facing blowback from all corners – a market sell-off, foreign retaliation, anger from corporate America and skepticism from the Federal Reserve chairman and some allies in Congress.
The Trump administration's formula for calculating new tariffs raised questions among economists — even some whose work was cited.
President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.
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Reciprocal tariffs set to be announced by President Trump at a Rose Garden event Wednesday will immediately take effect, according to the White House. “My understanding is that the tariff announcement will come tomorrow,
American shrimpers were pleased to see President Donald Trump unveil his latest round of tariffs this week, FOX Business' Lydia Hu reported on Friday.
President Trump spared pharmaceuticals from the opening salvo in his campaign to transform the economy through “reciprocal” tariffs; however, the global drug market may still be hit by