Varun Srinivasan
@v
Does anyone know how the tariffs are being levied?
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lehuynhnhat
@lehuynhnhat
They take the US trade deficit with a given country and divide it by the value of that country’s exports to the US. Example 1 – Indonesia: - US trade deficit: $17.9 billion - Indonesia’s exports to the US: $28 billion - Calculation: 17.9 / 28 = 64% - Tariffs from the US ~1/2 of 64% = 32% Example 2 – Vietnam: - Vietnam’s exports to the US: $136.6 billion - Imports from the US: $13.1 billion - Deficit: $123.5 billion - Calculation: 123.5 / 136.6 = ~90% - Tariffs from the US ~1/2 of 90% = 46%
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