The formula used divided a country's trade surplus with the US by its total exports ... "discounted reciprocal tariff" set by his administration. The method for calculating the tariffs was ...

China, for instance, had a trade surplus of $295 billion with the US last year on total exports of ... the “discounted reciprocal tariff.” The method for calculating the tariffs had been ...

The formula shown below uses a country's trade surplus as the numerator — with "x" representing total exports for a ... that Trump's team says was used to calculate reciprocal tariffs.

President Trump's new tariffs on more than 100 countries used the same simple formula to calculate ... given the 10 percent tariff. The United States has a large trade surplus with Australia ...

That means China’s trade surplus with the United States was 67% of the value of its exports — a value the Trump administration labeled as “tariff charged to USA.” But it was no such thing.

However, some of his tariff targets are ... that the US has a trade surplus with — raising questions about the Trump administration’s formula for calculating the tariffs, even as it says ...

The answer appears to begin with the total trade deficit America runs with its trading partners. Trade deficit with China Imports from China ÷ $291.9 bil.