Joe Bishop-Henchman

1 month ago | ntu.org | Joe Bishop-Henchman |Bryan Riley

Now that President Donald Trump has paused higher tariffs on most countries until July 8, officials have time to recalculate the proposed tariff rates to ensure they do not exceed the stated goal of reciprocity. Although President Trump claimed the tariffs announced April 2 and paused April 9 are reciprocal based on a calculation of trade barriers, the formula used actually only measures trade deficits.