 "trade tariff, US tariff, Trump Tariff")
US President Donald Trump has shocked his trading partners with tariffs that he prefers to call “reciprocal” — though there is nothing reciprocal about them. These tariffs are calculated by arbitrarily halving the figure obtained by dividing the US trade deficit with a country by US imports from it, defying all reason and logic. The economic interests of smaller economies have suffered more as a result.
These “reciprocal” tariffs have created uncertainty and disruption in world trade, violating established norms and principles of international trade — including the fundamental World Trade Organization (WTO) principles of most-favoured nation (MFN) treatment, national
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