Revealed: The secret formula the U.S. Treasury used to calculate Liberation Day tariffs against nations

The office of the United States trade representative has revealed the formula used to calculate reciprocal tariffs aimed at addressing trade deficits. These tariffs, based on a country's trade deficit with the US and its import value, range from 0% to 99%. Persistent trade deficits are attributed to various non-tariff barriers and policies affecting US exports.