Day 14: Trade - Reciprocal Tariffs à la Trump.

Pursuant to Canada's inherent right to apply elementary arithmetic

A Proclamation Establishing Reciprocal Tariffs on Imports into Canada

Country

Tariffs charged
to Canada
incl. all unfairness

Canada's discounted
reciprocal tariffs

Italy

93%

47%

Mexico

83%

42%

Germany

76%

38%

India

75%

38%

China

67%

34%

South Korea

56%

28%

Japan

31%

16%

France

25%

13%

United States

10%

10%

United Kingdom

10%

10%

Methodology: "Tariff charged to Canada" = |Canada's trade deficit with country| ÷ Canada's imports from that country. Discounted reciprocal rate = methodology result ÷ 2, minimum 10%. Countries with which Canada runs a surplus receive the 10% baseline floor, as a gesture of good faith and mild condescension.

Canada's hypothetical reciprocal tariffs by trading partner, 2024
Country	Canada's exports (C$ bn)	Canada's imports (C$ bn)	Trade balance (C$ bn)	Tariff charged to Canada (%)	Canada's discounted reciprocal (%)
Italy	1	14.7	-13.7	93%	47%
Mexico	8.1	47.3	-39.2	83%	42%
Germany	5.7	23.8	-18.1	76%	38%
India	3.1	12.5	-9.4	75%	38%
China	29.3	88.8	-59.5	67%	34%
South Korea	7.5	16.9	-9.4	56%	28%
Japan	14.8	21.4	-6.6	31%	16%
France	6.1	8.1	-2.0	25%	13%
United States	547.4	377	170.4	10%	10%
United Kingdom	27	9.8	17.2	10%	10%

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