- President Donald Trump announced an aggressive, far-reaching “reciprocal” tariff policy.
- A Cato Institute report based on World Trade Organization data said the trade-weighted average tariff rates imposed by most countries are much lower than the Trump administration said.
- For example, the administration said China charges the U.S. a tariff of 67%. The Cato report said China’s 2023 trade-weighted average tariff rate was 3%.
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https://www.cnbc.com/2025/04/04/trumps-tariff-rates-for-other-countries-larger-than-word-trade-data.html
