Yep - from WaPo: Trump personally selected a formula that was based on two simple variables — the trade deficit with each country and the total value of its U.S. exports.. it bears some striking similarities to a methodology published during Trump’s first administration by Peter Navarro.
Reposted from
Justin Baragona
CNBC's Steve Liesman doesn't mince words about the way the White House calculated its tariff rates:
"Nobody ever heard of this formula. Nobody has ever used this formula. So I’m sorry, but the conclusion seems to be the president kind of made this up as he went along... these are off the charts."
"Nobody ever heard of this formula. Nobody has ever used this formula. So I’m sorry, but the conclusion seems to be the president kind of made this up as he went along... these are off the charts."
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