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.

US President Donald Trump said that he would announce "reciprocal tariffs" on trading partners Thursday, opening new fronts in a trade war economists warn could fuel inflation at home. But economists warn that his broad-ranging tariffs on US imports would likely boost inflation,

WASHINGTON: President Donald Trump announced that he would impose "reciprocal tariffs" on US trading partners on Thursday (Feb 13), opening new fronts in a trade war. "Th