No, that’s not what a trade deficit means – and that’s not how you calculate other nations’ tariffs
- Written by Peter Draper, Professor, and Executive Director: Institute for International Trade, and Jean Monnet Chair of Trade and Environment, University of Adelaide
On April 2, United States President Donald Trump unveiled a sweeping new “reciprocal tariff” regime he says will level the playing field in global trade – by treating other countries the way (he claims) they treat the US.
First, Trump’s plan will impose a “baseline” 10% tariff on virtually all goods imported into...
