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.
U.S. stocks plummeted by market close on Friday as President Donald Trump’s sweeping tariffs continue to rattle markets ...
President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.
It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.
The U.S. and global markets have already started to feel the impact of Trump’s tariffs, with the U.S. stock market taking the ...
After weeks of White House hype and public anxiety, President Donald Trump is set to announce a barrage of self-described ...
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