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Reciprocal Tariffs: Weird Science - by Glenn Reynolds, CFA

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We look at how reciprocal tariffs can turn into an exercise in qualitative, subjective reverse engineering of a threatening number.

Market Commentary Reciprocal Tariffs: Weird Science We look at how reciprocal tariffs can turn into an exercise in qualitative, subjective reverse engineering of a threatening number. Glenn Reynolds, CFA Feb 14, 2025 1 Share The layers of factors cited as the “reciprocal tariff” inputs constitute a roll-your-own formula given the open-ended nature of variables. It will be interesting to see how tariff architects quantify what the non-tariff barriers in the trade partner market amount to for US tariff-setting. The reference to VAT taxes, regulations, litigation, and any other structural nuance

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