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Reciprocal tariffs are calculated to balance bilateral trade deficits between the U.S. and its trading partners, with rates ranging from 0 to 99 percent and averages of 20 percent globally and 50 percent among deficit countries. The persistent trade deficits are attributed to various tariff and non-tariff barriers that distort trade, leading to significant job losses in the U.S. manufacturing sector. The study uses U.S. Census Bureau data and elasticity estimates to derive these tariff rates, highlighting t

Author

anukool.akul

Language

EN