How the White House Calculated Its ‘Reciprocal’ Tariffs on Imports
The Trump administration took that formula’s figure, -0.5 for South Korea, and divided it by two to calculate the U.S. “discounted reciprocal” tariff rate. So, while South Korea imposes an effective tariff rate of .79 percent on U.S. goods, the reciprocal tariff rate the U.S. is imposing on South Korea is 25 percent.
President Donald Trump, speaking at the White House, held up a chart showing proposed import taxes: 34 percent on China, 20 ...
Some countries, like China, have already set countermeasures to Trump's tariffs, while others are looking to negotiate ...
In his short 10 weeks in office, this week was the most impactful and extraordinary of President Donald Trump’s second ...
Following President Donald Trump's recent round of reciprocal tariffs, many grocery shoppers' wallets could be impacted in the coming months.
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Russia and North Korea Not on Tariff List - White House Explains WhyThe White House did not include adversarial nations like Russia, North Korea, Cuba, and Belarus in the new “Liberation Day” ...
President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.
Vice President JD Vance acknowledged the economic upsides of Trump’s tariffs won’t “happen immediately,” however.
(Photo: US President Donald Trump speaks about tariffs in the Rose Garden at the White House, 2nd April 2025. Credit: REUTERS/Carlos Barria) ...
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