President Trump's new tariffs on more than 100 countries used the same simple formula to calculate the rate for each of them. The formula’s central value is the trade deficit, the difference between ...
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CNBC reporter trashes Trump for ‘made-up’ tariff rates: ‘Nobody ever heard of this formula!’
CNBC reporter Steve Liesman assailed Donald Trump on Thursday for the “made-up” way his administration calculated the “Liberation Day” tariffs, which the president claimed were reciprocal rates based ...
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