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Business & Economics

Economists take issue with Trump's tariff formula, arguing rate is inflated

CNBC
Summary
Nutrition label

80% Informative

Economists argue the formula relies on a flawed underestimation of a key metric.

If the assumptions surrounding elasticity are adjusted in Trump 's formula, no country's tariff would exceed 14% , the economists say.

The tariffs that Trump imposed range from 10% to 50% on nations around the world.

VR Score

87

Informative language

90

Neutral language

49

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

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