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US President Donald Trump performs during an event announceing new rates in the Pink Garden in Washington on April 2, 2025.
Chip Somodevilla | Gets the image
President Donald Trump proclaimed aggressive, far going “Mutual” tariff policy Wednesday leaving many US economists and trading partners to ask as a White House deduct His stakes.
Trump’s plan has created a 10% basic tariff for virtually every country, although many countries such as China, Vietnam and Taiwan are subjected to a much more steep rate. At the ceremony in Pink Garden on Wednesday Trump raised a placque board, which outlined the tariffs, which the administration claims that they are “accused” as well as “discount” tariffs that the US will respond in response.
These mutual tariffs are mostly about half of what Trump’s administration stated that each country has accused the United States, for example, a poster that China was accusing the tariff of 67%, and that the United States will sell 34% mutual tariff.
However, the report of the Cato Institute states that the average tariff rates in most countries are much lower than the Trump administration said. The report is based on the average rate of the World Trade Organization in 2023, in the last year.
The Cato Institute said the average tariff tariff rate in 2023 was 3%, not 67%in which the administration stated it was.
The administration stated that the European Union charges the US tariff of 39%, but the Cato report states that the average rate in 2023 was 2.7%in 2023.
In another example, the administration stated that India impose 52% of the tariff on the US, but Katon found that the average tariff rate in India in 2023 was 12%.
This week, many social media users quickly noticed that Trump administration counted Division of trade deficit on imports From this country to come at tariff tariffs for everyone. This is an unusual approach, because it suggests that the US is taken into account in the shortage of trade in goods, but ignore the trade in services.
In the press release of the US trade representative stated that calculating the combined consequences of tariffs, regulatory, taxes and other politicians in different countries “could be carried out by calculating the level of tariffs in accordance with the movement of a bilateral trade deficit to zero.”
“If the trade deficit is sustainable due to tariffs and policy and basic policy, the tariff rate, which corresponds to the compensation of this policy and the basics, is mutual and fair, ”the ustr issue.
