Controversial Calculations: Unveiling Trump's Tariff Strategy
A trade analyst criticizes the Trump administration's tariff calculations as unorthodox and higher than the tariffs imposed by the targeted countries. Julia Spies from the International Trade Center questions the methods used, highlighting discrepancies in the US's approach to impose tariffs based on trade imbalances.
- Country:
- United States
A leading trade analyst has challenged the Trump administration's unorthodox tariff calculations as misguided, noting they often surpass the rates applied by the targeted countries.
Julia Spies, chief of trade and market intelligence at the International Trade Center, expressed doubts over the methodology employed by the US Trade Representative's office.
She criticized the formula tying the US trade imbalance with a country to the imposed tariffs, calling it non-standard economics. Additionally, US tariffs considered various foreign measures, from currency manipulation to technical trade barriers.
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