"What's driving the policy, is that since the 1980s Trump has been a protectionist, and he thinks trade deficits are losses and trade surpluses are profits," AEI's Stan Veuger told Fortune.

Donald Trump's global tariffs are based on the trade deficit with countries, not a reciprocal measure of their import taxes on American goods.

The approach appears to punish countries based on their trade imbalances with the U.S., rather than the taxes they impose on the U.S. and a combination of other trade barriers Trump claimed the new ...

The calculations used by the White House don’t include a detailed assessment of each foreign country's trade practices.

WASHINGTON — President Donald Trump ... White House spokesman Kush Desai called the analyses “incorrect” and pointed to a fuller explanation of the formula from the U.S. Trade Representative, which ...

President Donald Trump ... White House failed to make a clear statement of policy goals or even a measurement for how to determine its policy was a success. In particular, the administration’s ...

President Trump triumphantly held up a poster board in the Rose Garden on Wednesday showing the reciprocal tariffs he plans to impose on nearly every country in the world. But just how the White House ...

During the pandemic, Team Trump tried to craft a formula that told them what they wanted to hear. With tariffs, they did it again. Both were failures.

No one in the Trump White House wanted to take credit for the administration’s “extremely bad” tariff math, which has been ...

Officials are increasingly playing up negotiations, meeting with business groups and calling for tax cuts to offset the ...

My first question, when the White House ... s grant President Trump his goal of eliminating all trade deficits, no matter how ...

Less than 100 days into Trump’s second term, American manufacturers now fear that the president’s tariffs could actually make ...