On April 5, Jin10 reported that the United States’ “reciprocal tariff” policy has faced opposition from multiple countries, and the method of calculating its tax rates has also sparked questions from various parties. They have criticized this calculation method as “simplistic and crude,” “fabricated out of thin air,” and “not conforming to 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 tax rates. Calculating tax 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. 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 untrustworthy and is not sufficient to serve as the basis for rational international trade negotiations.
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The United States' "reciprocal tariff" policy faces opposition as multiple organizations question the tax rate algorithm as "simplistic and brutal."
On April 5, Jin10 reported that the United States’ “reciprocal tariff” policy has faced opposition from multiple countries, and the method of calculating its tax rates has also sparked questions from various parties. They have criticized this calculation method as “simplistic and crude,” “fabricated out of thin air,” and “not conforming to 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 tax rates. Calculating tax 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. 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 untrustworthy and is not sufficient to serve as the basis for rational international trade negotiations.