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The U.S. "reciprocal tariff" policy faces opposition as multiple organizations question the tax rate algorithm for being "simple and crude."
On April 5th, Jin10 reported that the United States’ “reciprocal tariff” policy has faced opposition from multiple countries, and the method of calculating the tariff rates has also sparked questions from various parties. They have accused this calculation method of being “simple and rough,” “fabricated,” and “not in line with standard economic practices.” Julia Spies, head of trade and market intelligence at the International Trade Center, stated that this is not the standard method economists typically use to calculate tariff rates. Calculating tariff rates based on a formula that relies on trade deficits or the ratio of trade deficits to import amounts is, in my personal experience, something I have never seen before. An analyst from the well-known American investment bank Wedbush Securities stated in an interview on the 4th that the so-called “calculation formula” released by the Trump administration is completely lacking in credibility and is not sufficient to serve as the foundation for rational international trade negotiations.