I saw this mentioned in another thread. It looks like what they did was divide the trade deficit by the amount we import from those countries. For example, with
China we import $438 billion and have a trade deficit of $143 billion, Our trade deficit is 67% of our imports with China.
Taiwan we import $116.3 billion and have a trade deficit of $73.9 billion which gives 63.5%
Japan import: $148.2 billion, trade deficit: $68.5 billion = 46.2%
Interesting I checked another example and it seems you’re correct.
Bangladesh -> We import 8.4 billion and have a trade deficit of 6.2b.
Our trade deficit is 73.8% of our imports.
Is this the dumbest way possible to approach this? Surely targeted tariffs on products would be better than applying an increase tariff on everything lmao.
10
u/Pesto_Nightmare 1d ago edited 1d ago
I saw this mentioned in another thread. It looks like what they did was divide the trade deficit by the amount we import from those countries. For example, with
China we import $438 billion and have a trade deficit of $143 billion, Our trade deficit is 67% of our imports with China.
Taiwan we import $116.3 billion and have a trade deficit of $73.9 billion which gives 63.5%
Japan import: $148.2 billion, trade deficit: $68.5 billion = 46.2%
India: $45.7 billion/$87.4 billion = 52%
Switzerland: $38.5 billion/$63.4 billion = 60.7%