"Donald Trump does not have the authority to unilaterally impose the largest tax hike of our lifetime," said California Gov.

President Donald Trump introduced his “discounted reciprocal tariffs” on over 200 countries on April 2. Most countries ...

The Trump administration's tariff calculations appear on paper to be a simplified math of America's trade relationships.

The approach appears to punish countries based on their trade imbalances with the U.S., rather than the taxes they impose on ...

Switzerland’s tariffs could be much lower. Bermuda’s could be way higher. And Australia could have no tariffs at all.

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

WASHINGTON — No one is ready to take credit for the formula that President Trump used to calculate his “Liberation Day” ...

Ridiculed for imposing trade tariffs on frozen islands largely inhabited by penguins, Donald Trump's formula for calculating ...

The formula the Trump administration used to calculate his tariffs is bewildering economists. Economists argue the formula ...

The White House shared a formula containing symbols like epsilon and phi—but critics pointed out they served no purpose.