Tariff rates Trump ascribes to other countries are vastly higher than World Trade data shows

U.S. President Donald Trump speaks during an event announcing new tariffs in the Rose Garden at the White House in Washington, April 2, 2025. President Donald Trump announced an aggressive, far-reaching "reciprocal" tariff policy Wednesday, leaving many economists and U.S. trade partners to question how the White House calculated its rates. Trump's plan established a 10% baseline tariff on almost every country, though many nations such as China, Vietnam and Taiwan are subject to much steeper rates. At a ceremony in the Rose Garden on Wednesday, Trump held up a poster board that outlined the tariffs the administration contends are "charged" to the U.S., as well as the "discounted" tariffs the U.S. would implement in response. Those reciprocal tariffs are mostly about half of what the Trump administration said each country has charged the U.S. For example, the poster said China charges a tariff of 67% and that the U.S. will implement a 34% reciprocal tariff in response. However, a re ... Read full article.