The tariff rates President Donald Trump has claimed are being charged against the United States have come under heavy scrutiny and go further than other globally accepted tariff rates, including the Most-Favored-Nation (MFN) rate.
On April 2, Trump announced that he would implement a 10% tariff globally and an additional tariff on dozens of countries, which would be calculated by charging them “half” of what they charged the U.S.
“So the tariffs will be not a full reciprocal. I could have done that, I guess, but it would have been tough for a lot of countries who didn’t want to do that,” Trump said.
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He instituted a 46% tariff on Vietnam, 34% on China, 26% on India, 20% on the European Union, and 17% on Israel, claiming
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