From Investing.com: 2025-04-03 11:08:00

Global stocks are plummeting as President Trump imposes tariffs between 10% and 49% on nearly every country, citing trade imbalances and unfair tariffs on US exports. However, the premise for these tariffs is flawed. Trump’s claim that China imposes a 67% tariff on US goods is actually the percentage of the trade deficit the US has with China. Tariffs imposed on other countries are based on similar calculations, not reciprocal rates. This move is likely to raise prices for consumers and could lead to inflation, impacting the economy negatively. Source: https://ewminteractive.com/trumps-tariffs-based-false-premise



Read more at Investing.com: Trump’s Tariff Math Is Based on the Trade Deficit, Not Actual Tariffs