"Reciprocal tariffs are calculated as the tariff rate necessary to balance bilateral trade deficits between the U.S. and each of our trading partners. This calculation assumes that persistent trade deficits are due to a combination of tariff and non-tariff factors that prevent trade from balancing. Tariffs work through direct reductions of imports."The formula that you posted basically confirms exactly what I said, just in a way that looks technical to people that can't math. It specifally states that they are using the concept that any reason that a trade deficit exists must be because of unfair trade practices, which is what their fine print states as part of "manipulation and trade barriers".
Country Exports $M Imports $M Defecit $M Deficit% "Tariff Charged to US" Namibia 160.5 275.2 114.7 42% 42% Senegal 350.9 235.1 -115.7 -49% 10% Iraq 1,700 7,400 5,700 77% 78% Mauritius 48 234.5 186.5 80% 80% Venezuela 4,200 6,000 1,800 30% 29% Haiti 1,200 616.8 -583.2 -95% 10% Algeria 1,000 2,500 1,500 60% 59% Mozambique 149.7 216.1 66.4 31% 31%
Do you disagree with the concept of better balancing trade by reducing imports through tariffs?