The tariff rates unveiled by President Donald Trump on Wednesday stem from a simple formula based on U.S. trade imbalances with other countries—not the tariff rates they charge the U.S., along with “currency manipulation and trade barriers,” as the White House initially claimed.
Trump’s tariff equation is nonsense, says @johnauthers. Here’s why 🎥 pic.twitter.com/nE4EgaharP
— Bloomberg Opinion (@opinion) April 3, 2025
Trump’s tariff formula slammed as ‘fake’ and ‘incredibly stupid’ by experts