

That number is supposed to be how much of the tariff that the exporter passes through to the importer. Essentially this is a measure of how much the producers lower their profits to lower the price to compensate for the tariffs. In other words how much the producer “pays for” the tariffs.
This factor is “backwards”, in that it doesn’t represent how much the producer swallows, but how much they pass on to the importer. Trump’s calculations assume that the producer only passes on 25% of the tariff price increase, but the experts say the number should be much closer to 95%.
I have to idea what “4” means.
I call BS.
I’m Canadian and my parents immigrated here from England before I was born. I have a UK passport as well as a Canadian passport.
I’m not English-Canadian, I’m just Canadian. No one hyphenates in Canada, and you cannot say that Canada has any more unifying cultural heritage than the USA.