US Media: Trump Personally Selected Tariff Calculation Formula, Made Final Decision Only Three Hours Before Official Announcement

BlockBeats News, April 5th, The Washington Post reported that after Donald Trump became President of the United States, government economic officials began a daunting task: determining tariff rates for dozens of countries to fulfill his campaign promise of establishing "reciprocal" trade barriers.

After weeks of work, aides from several government agencies developed a list of options covering various trade practices. However, Trump personally chose a formula based on two simple variables. Sources say it is unclear who proposed this option, but it bears some striking similarities to the approach taken by Navarro, Trump's tough-talking economic advisor during his first administration.

On Wednesday, after the tariff measures were announced, the market experienced a sharp decline, and this rough calculation was mocked by economists. The report also stated that after a discussion late into Tuesday night, Trump did not finalize the plan until around 1 p.m. on Wednesday—less than three hours from his announcement in the Rose Garden. (FXStreet)