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Digging into the ‘insane’ formula the White House used to calculate its tariffs

Digging into the ‘insane’ formula the White House used to calculate its tariffs

U.S. President Donald Trump showed off a giant chart on Wednesday full of new “reciprocal” tariffs, which start at 10 per cent and grow steeper for countries with larger trade deficits with the U.S. But experts quickly noticed that these numbers don't add up. So what are these tariffs actually based on?

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