"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.

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 ...

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 ...

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

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 ...

Brent Neiman, a University of Chicago economics professor, predicted in a New York Times op-ed that President Trump’s ...

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 ...

A White House official told Washington Post that President Donald Trump is "at the peak of just not ... The report said the president was given a menu of tariff options, but he personally selected a ...

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

Aides struggled to satisfy the president’s competing priorities before settling on a plan to both raise revenue and boost corporate onshoring.

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.