Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/322426 
Year of Publication: 
2025
Series/Report no.: 
UCD Centre for Economic Research Working Paper Series No. WP25/09
Publisher: 
University College Dublin, UCD School of Economics, Dublin
Abstract: 
On April 2, 2025, President Donald Trump announced a wide-ranging set of "reciprocal tariffs" against many of its trading partners. The calculation of these tariffs have elicited a largely negative reaction in part due to the simple formula used to calculate them. In this note, I provide a model which, under the proper assumptions, does indeed result in the administration's formula. I, however, leave it to the reader to judge whether these assumptions are reasonable.
Subjects: 
Tariffs
Global Supply Chains
Passthrough
JEL: 
F13
Document Type: 
Working Paper

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