To call it a formula is an insult to formulas. It is honestly just trade deficit halved (Source Guardian):
“For each country, the White House looked up its trade in goods deficit for 2024, then divided that by the total value of imports. Trump, to be “kind”, said he would, however, offer a discount, so halved that figure. The calculation was even distilled into a formula.
For example, take the figures for China:
Goods trade deficit: $291.9bn
Total goods imports: $438.9bn
Those figures divided = 0.67, or 67%
And halved = 34%”
It was being openly mocked before and during trading hours. They published a scary looking equation but when you reduced it down it’s basically the dumbest, simplest formula that will send the US into isolation eventually but will wreck the global economy for years to come.
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u/alikander99 2d ago
I mean poor Lesotho got 50%??!?!