US President Trump reportedly personally selected the formula for determining country-specific tariffs; NEC, CEA, USTR and Commerce had been developing more sophisticated approaches, according to WaPo citing sources
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Full Post: "SCOOP: President Trump personally selected the now widely-mocked formula for determining country-specific tariffs from a menu of options, multiple sources say Numerous Trump aides - at NEC; CEA; Commerce; USTR - had for weeks been at work crafting country-specific tariffs that took into account a broad range of tariff & non-tariff barriers. Several sources said more sophisticated approaches had been developed. I can't confirm precisely who authored the one Trump picked, but it bears striking similarities to methods previously backed publicly by Peter Navarro, the ultra trade hawk"
04 Apr 2025 - 17:28- ForexGeopolitical- Source: WaPo
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