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How the White House Calculated Its ‘Reciprocal’ Tariffs on Imports
The Trump administration took that formula’s figure, -0.5 for South Korea, and divided it by two to calculate the U.S. “discounted reciprocal” tariff rate. So, while South Korea imposes an effective tariff rate of .79 percent on U.S. goods, the reciprocal tariff rate the U.S. is imposing on South Korea is 25 percent.
A Timeline Of Everything White House Officials Said About Pausing The Tariffs
Trump announced that he authorized a 90 day pause on the lofty tariffs and a “substantially lowered reciprocal tariff during this period, of 10%, also effective immediately” in a post on Truth Social Wednesday afternoon, ending days of speculation around whether or not the tariffs would actually go into effect or were negotiable.
The constant flip-flopping on policies will prompt European leaders to edge closer to China, who may be viewed as a more ...
The Trump administration is exempting electronics such as phones, computers and other electronics from the “reciprocal” ...
President Donald Trump said he'll be rolling out reciprocal tariffs. Here's what that means for the U.S. and its trading ...
A White House official predicted to The Post last week that India, Japan and Vietnam were likely to be among the first nations to come to a one-for-one trade understanding with the US.
President Trump triumphantly held up a poster board in the Rose Garden on Wednesday showing the reciprocal tariffs he ...
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The rhetoric out of Trump's cabinet on tariffs is changing, with Scott Bessent pushing for a "first mover" to sign on the dotted line for a deal with the U.S.
President Trump said Japan is set to kick off tariff negotiations with the US in Washington on Wednesday — becoming one of ...
White House top economic adviser, Kevin Hassett, doubled down to ABC News' Rachel Scott that there will be no tariff ...
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