Tariff rates Trump ascribes to other countries are vastly higher than World Trade data shows
President Donald Trump announced an aggressive, far-reaching “reciprocal” tariff policy.
Daily SumUp · Daily SumUp
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
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%.
Hosted on Acast. See acast.com/privacy for more information.