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

Posts online correctly cracked the formula for Trump's tariffs Despite a White House spokesman claiming otherwise, the published formula matched what social media users calculated.

The entire premise of the administration’s approach—that a country’s tariff and non-tariff trade barriers can be derived solely from the bilateral trade balance with that country, and that ...

Scott Kennedy and Ryan Featherston discuss recent U.S. tariffs and how the problem with the Trump administration’s approach is not which formula they use, but their general allergy to bilateral trade ...

India's chief negotiator for the bilateral trade talks with the U.S., Rajesh Agrawal, will also accompany the minister along with other senior officials, one of the government officials said.

However, the change in imports and in the bilateral trade balance implied by the partial equilibrium trade elasticity is likely to be unreliable when the tariff change is large and comprehensive ...

Behind Trump’s new tariffs is a goal that is as ambitious as it is unrealistic: eliminating the bilateral trade deficit with every U.S. trading partner.

However, the change in imports and in the bilateral trade balance implied by the partial equilibrium trade elasticity is likely to be unreliable when the tariff change is large and comprehensive ...

However, the change in imports and in the bilateral trade balance implied by the partial equilibrium trade elasticity is likely to be unreliable when the tariff change is large and comprehensive ...

However, the change in imports and in the bilateral trade balance implied by the partial equilibrium trade elasticity is likely to be unreliable when the tariff change is large and comprehensive ...