> if the US imports $100 million worth of goods and services while exporting $50...

		croes 5 days ago \| parent \| context \| favorite \| on: Trump's Tariff Formula Makes No Economic Sense. It... > if the US imports $100 million worth of goods and services while exporting $50 million to a country, then the Trump Administration alleges that country levies a 50 percent tariff on the United States The Trump Administration ignores the services and only looks at goods. So the base is already wrong.

rusk 5 days ago [–]

They’re also rolling up local taxes like VAT as Tariffs it seems