So 10% seems to be the default/minimum for countries that have no or little tarrifs on the US. The made up numbers like 97% is not to do with the countries actual tarrifs, but their trade deficit to the United States and total US export. So let’s take Cambodia: $12.3 billion dollar trade deficit with the United States, and U.S. goods exports to Cambodia: $321.6 million. 12.3/321.6 = 0.038, rounded down to 0.03. 1-0.03=0.97, or 97%. I haven’t checked the others, but this seems to be how the numbers are calculated.
Nah this is wrong the figures are wrong, had a brain fart above. It’s US imports from country, not exports that are used. The explanation below is right:
US trade deficit with South Africa: $8.8 billion. US goods imports from South Africa: $14.7 billion. 8.8/14.7 = 0.598, or 59.8%.
US trade deficit with Cambodia: $12.3 billion. U.S. goods imports from Cambodia: $12.7 billion. 12.3/12.7 = 0.969, or 96.9%.
10% is the default tarrif on practically all countries.
I get that. My point is mainly about the number they’re inventing though.
I initially got it wrong, updated now. It’s US trade deficit with country divided by US imports from country.
That’s stupidly simple and describing it as “including currency manipulation and trade barriers” is ridiculous.
So 10% seems to be the default/minimum for countries that have no or little tarrifs on the US.
The made up numbers like 97% is not to do with the countries actual tarrifs, but their trade deficit to the United States and total US export. So let’s take Cambodia: $12.3 billion dollar trade deficit with the United States, and U.S. goods exports to Cambodia: $321.6 million. 12.3/321.6 = 0.038, rounded down to 0.03. 1-0.03=0.97, or 97%. I haven’t checked the others, but this seems to be how the numbers are calculated.Nah this is wrong the figures are wrong, had a brain fart above. It’s US imports from country, not exports that are used. The explanation below is right:
US trade deficit with South Africa: $8.8 billion. US goods imports from South Africa: $14.7 billion. 8.8/14.7 = 0.598, or 59.8%.
US trade deficit with Cambodia: $12.3 billion. U.S. goods imports from Cambodia: $12.7 billion. 12.3/12.7 = 0.969, or 96.9%.