"What's driving the policy, is that since the 1980s Trump has been a protectionist, and he thinks trade deficits are losses ...

The White House shared a formula containing symbols like epsilon and phi—but critics pointed out they served no purpose.

The formula used by the Trump administration to calculate 'Liberation Day' reciprocal tariffs is based on trade deficits.

Thomas Sampson, associate professor of economics at the London School of Economics, said the formula was “a figleaf for Trump ...

Colorado's School Finance Act to protect schools with a new funding formula, modified due to budget shortfall, with full ...