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White House, tariffs

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Questions have swirled as to whether the U.S. government relied on generative AI to establish the tariffs that are expected to take effect April 5.
From TechRepublic
While Trump's chart claims China imposes a 67 percent tariff on American products, World Trade Organization data shows China's average tariff in 2024 was just 4.9 percent.
From Daily Journal

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The simple math behind Trump’s tariffs: How the White House calculated the new rates and why it’s not reciprocal at all
How the White House calculated the new rates and why it’s not reciprocal at all - With the help of a large chart, the president unveiled his latest wave of tariffs on Wednesday, on what he called ‘Lib
How the White House calculated reciprocal tariffs
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
Were the White House’s Tariffs Calculations Done By AI?
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.
Trump's trade math baffles economists
Trade economists were scratching their heads on Thursday at the formula used by the White House to measure trade imbalances and inflict punishment on all its global trading partners.
Donald Trump baffles economists with tariff formula
Calculation deeply flawed economically and will fail in stated aim of ‘driving bilateral trade deficits to zero’, say analysts
‘I don't know where he got those numbers:' Economist puzzled by Trump tariff chart
In an interview with NBC 5 Investigates, Animesh Ghoshal, a professor of Economics at DePaul, said the move wasn't unexpected, but that the numbers in the chart were unexplained

Trump, tariff and reciprocal

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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
Experts say it will take years to rekindle U.S. manufacturing, alter supply chains and bring home production, the goals Republican Trump and his supporters suggest his tariffs will achieve.
From Reuters
President Donald Trump's punishing tariffs rocked global financial markets on Thursday, with the dollar and U.S. stocks tumbling as investors rushed to safe havens on fears a broadening trade war woul...
From Reuters

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Trump Tariff Chart: Full List of Countries Hit With 'Reciprocal' Tariffs
President Donald Trump, speaking at the White House, held up a chart showing proposed import taxes: 34 percent on China, 20 percent on the EU, among others.
Trump Full Speech On Global Reciprocal Tariffs: "We're Really Not Taking It Anymore"
President Donald Trump plans, on Wednesday afternoon around 4:00 pm, to announce more details about a vast new set of tariffs against perhaps the entire rest of the world. There have been no exact details on how many countries will be impacted,
What is a reciprocal tariff? Breaking down Trump's tariff plans
President Donald Trump said he'll be rolling out reciprocal tariffs. Here's what that means for the U.S. and its trading partners.
For Trump, tariff gamble brings political risk
He called it "Liberation Day," but President Donald Trump's Wednesday unveiling of reciprocal tariffs could cause political headwinds for his party and economic pain for his constituents if his promises to recast the economy do not work out.
China imposes a 34% tariff on imports of all US products starting April 10
China announced Friday that it will impose a 34% tariff on imports of all US products beginning April 10. The new tariff matches the rate of the US “reciprocal” tariff imposed by US President Trump this week.
What Trump has announced on tariffs and why it matters
Tariffs are taxes charged on goods imported from other countries. Companies bringing the goods into the country pay the amount, typically a percentage of the goods' value, to the government. Trump has announced a 10% "baseline" tariff on all imports to the US – this is what the UK will face.
Global markets reel as Trump tariffs stoke fear of economic 'spiral of doom'
President Donald Trump's punishing tariffs rocked global financial markets on Thursday, with the dollar and U.S. stocks tumbling as investors rushed to safe havens on fears a broadening trade war would push an already fragile world economy into recession.
Key takeaways from Trump’s ‘Liberation Day’ tariffs
President Trump just unveiled sweeping tariffs that will reverberate through the US economy, sending inflation higher and weakening economic growth.
There Is Only One Way to Make Sense of the Tariffs
Donald Trump celebrated America’s so-called Liberation Day by announcing a slew of tariffs on dozens of countries. His plan, if fully implemented, will return the United States to the highest tariff duty as a share of the economy since the late 1800s,
Inside Trump’s defiant response to the markets’ tariff meltdown
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.
Liberation Day: Trump unveils reciprocal tariffs, says US will no longer be ‘raped’ by trading partners
President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.
Trump tariffs appreciated by US shrimpers: 'threw us a lifeline'
American shrimpers were pleased to see President Donald Trump unveil his latest round of tariffs this week, FOX Business' Lydia Hu reported on Friday.
Trump spares drugmakers from tariffs; costs could still go up
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
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Russia and North Korea Not on Tariff List - White House Explains Why
The White House did not include adversarial nations like Russia, North Korea, Cuba, and Belarus in the new “Liberation Day” tariffs, a decision which Trump administration officials defended. An unnamed White House official told The Hill on Thursday that those nations “are not subject to the Reciprocal Tariff Executive Order because they are already facing extremely high tariffs,
White House Promises ‘No Pain’ From Tariffs—Tells Wall Street ‘Trust In President Trump’ As Stocks Tumble
Vice President JD Vance acknowledged the economic upsides of Trump’s tariffs won’t “happen immediately,” however.
USMCA Exemption Continues for Canada, Mexico, White House Says
Canadian and Mexican goods that are compliant with the U.S.-Mexico-Canada Agreement will continue to be tariff-free, the White House has said. An administration official said Wednesday that new reciprocal tariffs wouldn't apply to Mexico and Canada,
Watch live: Trump announces broad tariffs at ‘Liberation Day’ White House event
The tariffs are expected to follow similar recent announcements of 25 percent taxes on auto imports; levies against China, Canada, and Mexico; and expanded trade penalties on steel and aluminum.
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