#Trump's tariff formula confounds the world, punishes the #poor
Ridiculed for trade #tariffs on frozen islands largely inhabited by penguins, Trump's formula for levies has a serious side: it is hitting some of the world's poorest nations hardest.
The math is simple: take #US goods #trade deficit w/a country, divide it by that country's exports to the US & turn it into a percentage; cut that figure in half to produce the US "reciprocal" tariff, w/a floor of 10%.
https://www.reuters.com/world/trumps-tariff-formula-confounds-world-punishes-poor-2025-04-03/