this post was submitted on 02 Apr 2025
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Among the reciprocal tariff levels Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

Rest of the world: 10%

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[–] bingBingBongBong@lemm.ee 10 points 1 day ago (3 children)

Did it come up with random numbers, or did russian scientists device the percentages in hidden laboratories

[–] learningduck@programming.dev 27 points 1 day ago* (last edited 1 day ago) (2 children)

Figured out where these fake tariff rates come from that Trump is claiming. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.

So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.

Copied from twitter from someone who’s suffering insomnia right now.

Figured out where these fake tariff rates come from that Trump is claiming. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.

So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.

https://www.reddit.com/r/Thailand/comments/1jq32od/new_import_tariff_to_usa/ml4328d

Source of these trade deficit numbers is in https://www.reddit.com/r/Thailand/s/TKZ68gLs6z

[–] bingBingBongBong@lemm.ee 9 points 1 day ago

Thanks for pointing that out. If that is true, it is completely deranged.

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