The formula used by the Trump administration to calculate 'Liberation Day' reciprocal tariffs is based on trade deficits.

So, it’s trade that has to balance to the capital account. To the extent that the capital account primarily represents transfers of fundamental investment flows, it’s not a bad thing. However, most ...

Trump’s tariffs are not about ‘reciprocity.’ ...

Reciprocal tariffs aim to balance U.S. bilateral trade deficits by calculating the necessary tariff rates. These tariffs ...