<ul><li>President Donald Trump’s administration calculated its new tariffs based on existing trade balances.</li><li>The formula divided a country’s trade surplus with the US by its total exports, and then divided by two.</li><li>Countries with a trade surplus faced a flat 10% rate, while those with a trade deficit were assigned higher rates.</li><li>The actual formula used differs from the initial indication given by the White House.</li></ul>

Trump Tariffs Mismatch, Formula Mystery Mark 'Liberation Day' At White House

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