<ul><li>The US administration arrived at the reciprocal tariff rates by reverse engineering the trade deficit and exports.</li><li>They took the trade deficit that the US has with each country and divided it by the country's exports to the US.</li><li>This formula was found to match the tariff rates mentioned by Trump for every country.</li><li>Some Indian economists have also pointed out that the trade deficit was used as the basis for reciprocal tariff calculations.</li></ul>

The funny math behind Trump’s reciprocal tariffs

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