News center > 7*24H News > Featured > Context
US media: Trump personally selected the tariff calculation formula and made the final decision three hours before the official announcement
Editor
2025-04-05 04:02 8,967
According to the Washington Post, after Trump took office as U.S. president, the administration's economic workers began a difficult task: set tariff rates for dozens of countries to meet his campaign promise to set "peer-to-peer" trade barriers. After weeks of work, assistants from several government agencies have developed a list of options covering a variety of trade practices. However, Trump personally chose a formula based on two simple variables. Sources said it was unclear who proposed the option, but it had some striking similarities to the approach published by Navarro, a tough economic adviser during Trump’s first administration. The market fell sharply on Wednesday after tariff measures were issued, a rough calculation was ridiculed by economists. The report also said that after late-night discussions on Tuesday, Trump did not decide his final plan until around 1 p.m. Wednesday - less than three hours after his announcement in the Rose Garden.
Keywords: Bitcoin
Share to:
Customer service avatar

Online Consultation

客服头像
08:45
Hello! Is there anything I can help you with?