Economists take issue with Trump's tariff formula, arguing rate is inflated

Business

Economists Take Issue With Trump's Tariff Formula, Arguing Rate Is Inflated

By CNBC

According to the Office of the United States Trade Representative, the formula underpinning Trump's sweeping "reciprocal" tariff plan is the country's trade deficit with the U.S., divided by its exports, then divided by two. Trump also implemented a ...Read more