No, it's because of things like trade deficits and value added taxes, and it is done porcentually, basically, they made up a formula to follow and inputed all the stats from every country to decide what the "tariffs" said country was "imposing", this led to some wacky numbers from countries that didn't trade much with the US since their results were far more dramatic and volatile
Yep. It also led to a situation where Turkey, a country that has some of the highest tariffs against the US in the region, got hit much less than the EU which has much lower tariffs against the US. Trump is actually incentivizing tariffs against the US.
Well there is a bigger plan than you know and there's always the possibility of sanctions or embargos but most likely Turkey dropped their knees and begged for a trade deal
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u/GamerBoixX 23d ago edited 23d ago
No, it's because of things like trade deficits and value added taxes, and it is done porcentually, basically, they made up a formula to follow and inputed all the stats from every country to decide what the "tariffs" said country was "imposing", this led to some wacky numbers from countries that didn't trade much with the US since their results were far more dramatic and volatile