4.8%. That’s how much the U.S.’ weighted average tariff rate would be if Trump implemented the country-level strategy, Deutsche Bank economists led by Justin Weidner estimated in a Monday note. That’s a 3.3 percentage-point increase from the 1.5% effective rate U.S. imports had in 2022, according to the World Bank.

China hits back with export controls, Canada and Mexico remain under threat. USPS closes then reopens "de minimis" small package loophole

President Donald Trump signed a presidential memorandum on Thursday tasking advisors with setting individual tariff rates for each country that exports goods to the United States.