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No, that’s not what a trade deficit means – and that’s not how you calculate other nations’ tariffs

  • Written by The Conversation

On April 2, United States President Donald Trump unveiled a sweeping new “reciprocal tariff” regime he says will level the playing field in global trade – by treating other countries the way (he claims) they treat the US.

First, Trump’s plan will impose a “baseline” 10% tariff on virtually all goods imported into...

Read more: No, that’s not what a trade deficit means – and that’s not how you calculate other nations’ tariffs

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