Axios
Source: United States Trade Representative; Graphic: Kavya Beheraj/AxiosThe formula used by the Trump administration to levy reciprocal tariffs contains a serious math error that over-inflates the impact by about a factor of four, economists at the American Enterprise Institute said.Why it matters: The conservative think tank says the error led to tariff rates massively higher than they should have been to achieve the goals the administration sought.Catch up quick: After announcing the tariffs last Wednesday the Trump administration released a complicated-looking formula…
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Trump tariffs based on massive error, conservative think tank says
Ben Berkowitz
00:20
Source: United States Trade Representative; Graphic: Kavya Beheraj/AxiosThe formula used by the Trump administration to levy reciprocal tariffs contains a serious math error that over-inflates the impact by about a factor of four, economists at the American Enterprise Institute said.Why it matters: The conservative think tank says the error led to tariff rates massively higher
