💨 Abstract

The article discusses the controversial reciprocal tariffs introduced by the Trump administration, which are seen as disruptive to global trade liberalization. The tariffs are based on a formula that calculates them based on the ratio of the US trade deficit with a country versus the total trade with that country. However, this formula measures trade imbalance, not trade barriers. Critics argue that the tariffs are misguided and could harm American consumers and the global economy.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖