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<blockquote data-quote="fishtm2001" data-source="post: 6096465" data-attributes="member: 54375">“The Trump administration’s calculations are a fundamentally nonsensical way to calculate ‘reciprocal’ tariffs,” Erica York, vice president of federal tax policy at the Tax Foundation, said. “Absolutely none of the factors the White House purports to be looking at, like tariffs, non-tariff barriers, or other unfair practices, factor in to the tariff rate they calculate in any way. They are invented numbers that have zero relationship to real policies.”On top of that, York said the tariffs &quot;will not reduce the US trade deficit because tariffs, either through their effects on the US dollar or through retaliation, will also reduce US exports.”In a fact sheet on its calculations, the Office of the U.S. Trade Representative cited a handful of academic studies. But when Rob and D&#039;Angelo reached out to the authors of several of them, the experts balked at the Trump administration’s conclusions.</blockquote>

[QUOTE="fishtm2001, post: 6096465, member: 54375"] “The Trump administration’s calculations are a fundamentally nonsensical way to calculate ‘reciprocal’ tariffs,” Erica York, vice president of federal tax policy at the Tax Foundation, said. “Absolutely none of the factors the White House purports to be looking at, like tariffs, non-tariff barriers, or other unfair practices, factor in to the tariff rate they calculate in any way. They are invented numbers that have zero relationship to real policies.” On top of that, York said the tariffs "will not reduce the US trade deficit because tariffs, either through their effects on the US dollar or through retaliation, will also reduce US exports.” In a fact sheet on its calculations, the Office of the U.S. Trade Representative cited a handful of academic studies. But when Rob and D'Angelo reached out to the authors of several of them, the experts balked at the Trump administration’s conclusions. [/QUOTE]

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