WASHINGTON (AP) — President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what others assess as trade penalties on American goods.
What he’s actually imposing is based on far more complicated math.
Here’s a look at how the White House got its numbers:
Why do the new tariff rates often differ by country?
The Trump administration has declared an “economic emergency” to bypass Congress and impose a 10% tariff on nearly all countries and territories. It has set even higher levies for about 60 nations that it says are the “worst” offenders.
The 10% global tariffs take effect at 12:01 a.m. Saturday. The higher
→ Continue reading at The Associated Press