This is the dubious way Trump calculated his ‘reciprocal’ tariffs

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President Donald Trump’s massive tariffs announced on dozens of nations were pitched as “reciprocal,” matching what other countries charge the United States dollar for dollar, even taking into account non-tariff barriers like value-added taxes and other such measures. But the actual calculation the Trump administration used is not reciprocal at all. Matching countries’ tariffs dollar for dollar is an incredibly difficult task, involving poring over each country’s tariff schedule and matching a complex array of products, each of which has a different charge for any variants. Instead, the Trump administration used quite a simple calculation: the country’s trade deficit divided by its exports to the United States times 1/2. That’s it. #CNN #News