Comment by lawlessone
8 days ago
its not tariffs
Trump took the trade surplus the US has with those countries and calcuated the percentage from that.
8 days ago
its not tariffs
Trump took the trade surplus the US has with those countries and calcuated the percentage from that.
The trade deficit the US has with those countries, or the surplus they have with the US, as a percentage of the country's total exports to the US.
It's an incredibly simplistic calculation that definitely doesn't equate to the country's tariff rate.
Interesting - I haven't seen that mentioned in any of the coverage, do you have a source for that?
A lot of comments have already mentioned that. You can also calculate it by yourself.
For example, in 2024, the total value of US trade in goods with China was approximately $582.4 billion, comprising $143.5 billion in exports and $438.9 billion in imports. [0]
(438.9-143.5)/438.9=67.3%
[0] https://ustr.gov/countries-regions/china-mongolia-taiwan/peo...
[dead]