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A Dumb Formula

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Journalist James Surowiecki observed Wednesday evening that the president's sweeping worldwide tariffs seemed to be based on a simplistic formula, which takes the U.S. trade deficit with an individual nation and divides that number by its exports to the U.S.

 Surowiecki posted on X. "They didn't actually calculate tariff rates + non-tariff barriers, as they say they did.

Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us. So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is."

However because Trump claims to be 'nice' he then divides the figure by half!

In a final flourish, if US trade deficit/imports with a country is less than 10%, or the US has a trade surplus with a country, Trump then slaps a flat 10% tariff on that country.

'Truly amazing': Journalist slaps down White House aide's attempted fact check

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