this post was submitted on 02 Apr 2025
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Among the reciprocal tariff levels Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

Rest of the world: 10%

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[–] learningduck 27 points 3 days ago* (last edited 3 days ago) (2 children)

Figured out where these fake tariff rates come from that Trump is claiming. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.

So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.

Copied from twitter from someone who’s suffering insomnia right now.

Figured out where these fake tariff rates come from that Trump is claiming. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.

So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.

https://www.reddit.com/r/Thailand/comments/1jq32od/new_import_tariff_to_usa/ml4328d?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=2

Source of these trade deficit numbers is in https://www.reddit.com/r/Thailand/s/TKZ68gLs6z

[–] [email protected] 8 points 3 days ago

Thanks for pointing that out. If that is true, it is completely deranged.

[–] [email protected] 3 points 3 days ago* (last edited 3 days ago)

I checked and this does seem to fit for Switzerland.

Trade deficit of US to Switzerland: 38.5 B
Exports from Switzerland to US: 63.4 B

Ratio of the two: 61%

Half of that as "reciprocal" tariff: 31%